AUD/CAD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.96363 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.96598 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.96598 – 0.97102 – 0.97594 – 0.96363 – 0.96637 – 0.96953 —
0.96433 – 0.96113 —
40.702381838511 – 22.47570992999 —
– —
0.96598 – 1773374400

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