AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline down.

A bearish descent downwards to the next support at 0.9658 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.97267 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

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

0.97267 – 0.96164 – 0.96202 – 0.9658 – 0.96331 – 0.95905 —
0.97178 – 0.97362 —
65.075455818655 – 66.571035360794 —
– —
0.97267 – 1773172800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – – – – – – – – –