The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.96388 will continue.
Caution: A possible change in the direction of the resistance line at 0.97104 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘StochRSI Hidden Bearish Divergence’ indicator signal is discovered. The indicator is ‘StochRSI Hidden Bearish Divergence’. Dieses ist oftmals ein bullisches chart scenario. Die Paarung wird wahrscheinlich steigen.
Next a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.97611 |
| Next High | 0.97104 |
| Current Price | 0.96592 |
| Next Low | 0.96388 |
| 2nd Low | 0.96046 |
| 3rd Low | 0.95809 |
0.97104 – 0.97611 – 0.97483 – 0.96388 – 0.96647 – 0.97147 —
0.96606 – 0.96728 —
39.454038196686 – 49.539082808679 —
– —
0.97104 – 1773867600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –