AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 0.95331 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.96006 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

Then a ” indicator layout is existing. The indicator is ”. which is often a bearish chart signal. The currency pair could go down.

!

Then a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.

Then a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.95247688 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.96006 could occur.
In the case of a trade, always set appropriate stop-loss settings.

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 success rate of a ‘Three Black Crows’ heading down is 82%.

0.96006 – 0.95925 – 0.96247 – 0.95331 – 0.95726 – 0.95468 —
0.95582 – 0.95660 —
41.935834556979 – 46.285922999403 —
– —
0.96006 – 1770219000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –