AUD/CAD – 30M – SELLNext a ‘Double bottom retreat down’ chart pattern is existing. The formation shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.
The bearish trend downwards to the next support level at 0.94759 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.95084 |
| Next Low | 0.94759 |
| 2nd Low | 0.94691 |
| 3rd Low | 0.94534 |
0.9509 – 0.95026 – 0.95092 – 0.94759 – 0.94795 – 0.94691 —
0.95221 – 0.95453 —
66.125940938054 – 65.162678985942 —
– —
0.95090 – 1769522400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double bottom retreat down – – – – – – – –