AUD/CAD – 1H – BUY

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Next a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.96681 – 0.97299 – 0.97443 – 0.95641 – 0.95446 – 0.95986 —
0.96681 – 0.96474 —
60.501094696391 – 52.527184972219 —
0.96681 – 1772658000 —
– 1772658000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – – – – – – – – –