AUD/CAD – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards

A descent down to the next support line at 0.97743 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.98039 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Last Engulfing Top’ chart pattern is discovered. The candles form ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.98039 – 0.97873 – 0.9797 – 0.97743 – 0.97453 – 0.9755 —
0.97938 – 0.97943 —
56.598376500596 – 57.6415839405 —
– —
0.98039 – 1777269600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Last Engulfing Top – Rising Wedge Chart Pattern – – – – – – – –