AUD/CAD – 4H – SELL

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

A bearish trend down to the next support level at 0.95446 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.97497 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.95446 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.97497 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.97497 – 0.97065 – 0.96979 – 0.95446 – 0.95986 – 0.96418 —
0.96614 – 0.96157 —
45.884749806743 – 43.279018687893 —
– —
0.97497 – 1772064000

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