AUD/CAD – 1H – SELL

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

A bearish movement down to the next support line at 0.97539 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.98335 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

There is also a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.97992 – 0.98335 – 0.97996 – 0.97539 – 0.97222 – 0.97717 —
0.97925 – 0.98031 —
53.993967706961 – 61.615596474335 —
– —
0.97992 – 1777568400

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