AUD/CAD – 30M – SELLIn addition a ‘Double bottom retreat down’ chart pattern is detected. The chart picture shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.
The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline down.
A bearish descent down to the next support at 0.92965 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.93223 could occur.
Consider stop-loss settings accordingly.
In addition a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.93445 |
| Next High | 0.93223 |
| Current Price | 0.93066 |
| Next Low | 0.92965 |
| 2nd Low | 0.92752 |
| 3rd Low | 0.92653 |
0.93121 – 0.92956 – 0.92925 – 0.92965 – 0.92752 – 0.92653 —
0.93118 – 0.93193 —
58.616763189189 – 63.327790148954 —
– —
0.93121 – 1768186800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double bottom retreat down – – – – – – – –