AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 0.96425 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.96699 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.96425 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.96699 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.96699 – 0.96678 – 0.96512 – 0.96425 – 0.96185 – 0.96151 —
0.96494 – 0.96652 —
40.976142910262 – 58.42379697801 —
– —
0.96699 – 1771412400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Double top chart pattern – – – – – – – –