AUD/CAD – 30M – SELL

In addition a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards

A descending movement down to the next support at 0.95821 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.96614 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

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 0.9573746 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.96614 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.96614 – 0.96681 – 0.96547 – 0.95821 – 0.95641 – 0.95446 —
0.96022 – 0.96179 —
37.657155716865 – 46.357725068253 —
0.95821 – 1772706600 —
0.96614 – 1772679600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –