AUD/CAD – 1H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 0.90906 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.91243 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

There is also a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.91243 – 0.91312 – 0.91843 – 0.90906 – 0.90554 – 0.90732 —
0.91181 – 0.91135 —
54.502563353351 – 50.963052170142 —
– —
0.91243 – 1764032400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –