AUD/CAD – 30M – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline down.
A descent down to the next support level at will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.95605 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.
Then a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which 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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.95896 |
| Next High | 0.95605 |
| Current Price | 0.94917 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.95605 – 0.95896 – 0.95248 – 0.9452 – 0.9511 – 0.94649 —
0.95057 – 0.95103 —
46.80274631833 – 45.265069027718 —
– —
0.95605 – 1769704200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Double bottom chart pattern – – – – – – – –