AUD/CAD – 30M – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards
A bearish descent downwards to the next support line at 0.92965 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.93236 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Collapsing Doji Star’ candle chart pattern is existing. The candles show ‘Collapsing Doji Star’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.93445 |
| Next High | 0.93236 |
| Current Price | 0.93090 |
| Next Low | 0.92965 |
| 2nd Low | 0.92752 |
| 3rd Low | 0.92653 |
0.93236 – 0.93121 – 0.92956 – 0.92965 – 0.92752 – 0.92653 —
0.93193 – 0.93168 —
56.892570035158 – 56.648609514594 —
– —
0.93236 – 1768240800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Collapsing Doji Star – Rising Wedge Chart Pattern – – – – – – – –