AUD/CAD – 4H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.

A bearish descent down to the next support level at 0.95986 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.97497 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.96338776 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.97497 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.97497 – 0.97065 – 0.96979 – 0.95986 – 0.96418 – 0.96116 —
0.96980 – 0.97202 —
48.183383635826 – 49.011771036465 —
0.95986 – 1772409600 —
0.97497 – 1772064000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –