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 is expected.

Caution: A possible counter-trend in the direction of resistance at 0.97911 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.97911 – 0.9793 – 0.97943 – 0.97661 – 0.97471 – 0.97597 —
0.97793 – 0.97785 —
42.750194448054 – 51.220846540301 —
– —
0.97911 – 1776915000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –