AUD/CAD – 30M – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.91611 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.91767 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
In addition a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.91816 |
| Next High | 0.91767 |
| Current Price | 0.91719 |
| Next Low | 0.91611 |
| 2nd Low | 0.9108 |
| 3rd Low | 0.91061 |
0.91767 – 0.91816 – 0.91343 – 0.91611 – 0.9108 – 0.91061 — 56.005821773081 – 55.263670719149 — 81.213886485199 – 78.800529706193 – 72.198339396385 – 80.56417596167
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – Symmetrical Triangle Chart Pattern – –