The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards
A bearish movement downwards to the next support at 0.9084 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.91721 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘%K fall below 80’ indicator layout is found. The indicator shows ‘%K fall below 80’. which is often a bearish signal. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91887 |
| 2nd High | 0.91843 |
| Next High | 0.91721 |
| Current Price | 0.91568 |
| Next Low | 0.9084 |
| 2nd Low | 0.90554 |
| 3rd Low | 0.90101 |
0.91721 – 0.91618 – 0.91243 – 0.9084 – 0.90906 – 0.90554 —
0.91659 – 0.91696 —
56.730279198004 – 51.545357652704 —
– —
0.91721 – 1764226800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Inverse Head and Shoulder chart pattern – – – – – – – –