AUD/CAD – 30M – SELL

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

A continuation of the downtrend down to the next support line at 0.92752 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.92925 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘Southern Doji’ chart pattern is existing. The chart shows ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.92925 – 0.93057 – 0.93223 – 0.92752 – 0.92653 – 0.92838 —
0.92867 – 0.92788 —
48.817380743666 – 36.454728392003 —
– —
0.92925 – 1767920400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Southern Doji – – – – – – – – –