AUD/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support line at 0.88988 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.89302 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI fall below 80’ indicator signal is found. The indicator is ‘StochRSI fall below 80’. which could be a negative signal. The currency pair is likely to fall.

There is also a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. 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 — 10.5 – 0

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