AUD/CAD – 30M – SELL

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

A descent down to the next support line at 0.9084 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.91243 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.91095554 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.91243 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Inside Down’ candlestick chart pattern is detected. The chart forms ‘Three Inside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.91243 – 0.91141 – 0.91139 – 0.9084 – 0.90915 – 0.90948 —
0.91052 – 0.91240 —
45.154691202513 – 58.630038870123 —
– —
0.91243 – 1764032400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Inside Down – – – – – – – – –