AUD/CAD – 1H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.

The bearish trend downwards to the next support at will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.91751 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Matching Low’ candlestick pattern is detected. The candles form ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.91751 – 0.91721 – 0.91618 – 0.91313 – 0.9084 – 0.90906 —
0.91541 – 0.91525 —
46.229230440618 – 50.075196754126 —
– —
0.91751 – 1764306000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – Double top retreat up – – – – – – – –