AUD/CAD – 1H – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 0.94255 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.95092 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘ ‘ indicator signal is found. The indicator shows ‘ ‘. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.94561066 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 0.95092 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Line Strike – Bearish’ candle pattern is detected. The chart shows ‘Three Line Strike – Bearish’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).

0.95092 – 0.94945 – 0.94504 – 0.94255 – 0.92979 – 0.92778 —
0.94948 – 0.95008 —
58.017185794373 – 59.25715293361 —
– —
0.95092 – 1769454000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Line Strike – Bearish – – – – – – – – –