The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.
A bearish movement downwards to the next support at 0.98751 will persist.
Caution: A possible change in the direction of resistance at 0.98973 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.993 |
| 2nd High | 0.99146 |
| Next High | 0.98973 |
| Current Price | 0.98950 |
| Next Low | 0.98751 |
| 2nd Low | 0.98323 |
| 3rd Low | 0.982 |
0.98923 – 0.98973 – 0.98578 – 0.98751 – 0.98323 – 0.982 —
0.98887 – 0.99036 —
60.67193522193 – 62.74881095632 —
– —
0.98923 – 1781505000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –