AUD/CAD – 1H – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.
A bearish descent down to the next support level at 0.94649 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.95896 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The pair is likely to go up.
Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Next a ‘Three Outside Up’ candlestick chart pattern is existing. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.95896 |
| Current Price | 0.95092 |
| Next Low | 0.94649 |
| 2nd Low | 0.94255 |
| 3rd Low | 0.92979 |
0.95896 – 0.95453 – 0.95092 – 0.94649 – 0.94759 – 0.94255 —
0.95468 – 0.94961 —
54.876112199182 – 39.545840101199 —
– —
0.95896 – 1769670000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –