AUD/CAD – 30M – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.
A descent down to the next support line at is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.93445 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Shooting Star’ candlestick chart pattern is discovered. The chart shows ‘Shooting Star’. 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 ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.93445 |
| Current Price | 0.92957 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.93445 – 0.92696 – 0.9196 – 0.9284 – 0.92418 – 0.92317 —
0.93174 – 0.93053 —
49.683543144259 – 42.678617403607 —
– —
0.93445 – 1767765600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Shooting Star – Double bottom retreat down – – – – – – – –