AUD/CAD – 30M – SELLIn addition a ‘Double bottom retreat down’ chart formation is found. The chart shows ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.
The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.94534 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.94945 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ” indicator signal is found. The indicator shows ”. which could be a negative signal. The currency pair is likely to fall.
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In addition a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
In addition a ‘Tweezers Top’ candle chart pattern is detected. The candles show ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.94945 |
| Current Price | 0.94921 |
| Next Low | 0.94534 |
| 2nd Low | 0.94255 |
| 3rd Low | 0.94232 |
0.94945 – 0.94504 – 0.94449 – 0.94534 – 0.94255 – 0.94232 —
0.94711 – 0.94842 —
55.413205701406 – 67.247258267245 —
– —
0.94945 – 1769387400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Tweezers Top – Double bottom retreat down – – – – – – – –