AUD/CAD – 30M – SELL

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

A bearish movement downwards to the next support at 0.88391 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.89114 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

0.89114 – 0.88806 – 0.88793 – 0.88391 – 0.88412 – 0.88654

Download AUD/CAD Signal Image

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows