AUD/CAD – 30M – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.92752 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.92925 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.
Next a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.
Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Next a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93223 |
| 2nd High | 0.93057 |
| Next High | 0.92925 |
| Current Price | 0.92830 |
| Next Low | 0.92752 |
| 2nd Low | 0.92653 |
| 3rd Low | 0.92418 |
0.92925 – 0.93057 – 0.93223 – 0.92752 – 0.92653 – 0.92838 —
0.92839 – 0.92898 —
48.315970360784 – 56.500520058568 —
0.92752 – 1767929400 —
0.92925 – 1767920400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – – – – – – – – –