AUD/CAD – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline down.

A bearish trend downwards to the next support at 0.97743 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.98039 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Last Engulfing Bottom:’ candlestick pattern is discovered. The chart shows ‘Last Engulfing Bottom:’. which is a bearish 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 Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

0.98039 – 0.97873 – 0.9773 – 0.97743 – 0.97453 – 0.9755 —
0.97943 – 0.97965 —
51.061504258828 – 57.299036389341 —
– —
0.98039 – 1777271400

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