AUD/CAD – 30M – SELL

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

A descent down to the next support at 0.98323 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.98923 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ” indicator layout is existing. The indicator shows ”. which is often a bearish chart signal. The currency pair is likely to fall.

!

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ candlestick pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.98923 – 0.98973 – 0.98578 – 0.98323 – 0.982 – 0.97601 —
0.98828 – 0.99035 —
56.039317585544 – 69.853300922376 —
– —
0.98923 – 1781505000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Engulfing – – – – – – – – –