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 0.97849 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.97996 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘Three Outside Down’ candle chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.97996 – 0.98039 – 0.97873 – 0.97849 – 0.97743 – 0.97453 —
0.97870 – 0.97977 —
43.628077112559 – 57.449980969594 —
– —
0.97996 – 1777347000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – – – – – – – – –