AUD/CAD – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 0.88988 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.89302 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.89302 – 0.89454 – 0.89821 – 0.88988 – 0.89009 – 0.89239 — 43.367250309217 – 42.120087926506

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – – –