AUD/CAD – 30M – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.
The bearish trend downwards to the next support level at 0.90210 is certain.
Caution: A possible change in the direction of the resistance level at 0.90525 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish SBS White Lines’ candle pattern is found. The candles form ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91243 |
| 2nd High | 0.90701 |
| Next High | 0.90525 |
| Current Price | 0.90254 |
| Next Low | 0.90210 |
| 2nd Low | 0.90002 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish SBS White Lines