AUD/CAD – 30M – SELLAnd also a ‘Double bottom retreat down’ chart formation is detected. The chart forms ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline down.
A bearish descent downwards to the next support line at 0.94759 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.9509 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘ ‘ indicator layout is discovered. The indicator is ‘ ‘. which is often a bearish signal. The currency pair is likely to fall.
And also a ‘Two Crows’ candle chart pattern is discovered. The chart forms ‘Two Crows’. 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 chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.95092 |
| Next High | 0.9509 |
| Current Price | 0.95062 |
| Next Low | 0.94759 |
| 2nd Low | 0.94691 |
| 3rd Low | 0.94534 |
0.9509 – 0.95026 – 0.95092 – 0.94759 – 0.94795 – 0.94691 —
0.95165 – 0.95152 —
54.985727079237 – 58.168444529934 —
– —
0.95090 – 1769522400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – Double bottom retreat down – – – – – – – –