AUD/CAD – 30M – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline downwards
A bearish movement downwards to the next support level at 0.89394 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.89932 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Concealing Baby Swallow’ candle pattern is discovered. The candles show ‘Concealing Baby Swallow’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90517 |
| 2nd High | 0.90173 |
| Next High | 0.89932 |
| Current Price | 0.89523 |
| Next Low | 0.89394 |
| 2nd Low | 0.89298 |
| 3rd Low | 0.89215 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Concealing Baby Swallow