AUD/CAD – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at 0.97067 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.97443 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Next a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.97443 – 0.9728 – 0.97422 – 0.97067 – 0.96884 – 0.97233 —
0.97431 – 0.97335 —
59.18284665347 – 51.684582529858 —
– —
0.97443 – 1772175600

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