AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline down.

A continuation of the downward movement down to the next support level at 0.97582 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.97911 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

And also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.97911 – 0.9793 – 0.97943 – 0.97582 – 0.97661 – 0.97471 —
0.97691 – 0.97809 —
40.723370771022 – 54.97970348853 —
– —
0.97911 – 1776915000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – – – – – – – – –