AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 0.89623 will persist.

Caution: A possible change in the direction of resistance at 0.89893 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.89623 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.89893 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Evening Star’ candlestick pattern is found. The candles show ‘Evening Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Evening Star’ heading down is 72% (Bull & Bear Market).

Download AUD/CAD Signal Image

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Evening Star