Sell AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 0.90681 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.91245 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. this 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%.

Support & Resistance Price Range*
3rd High 0.91388
2nd High 0.91293
Next High 0.91245
Current Price 0.90842
Next Low 0.90681
2nd Low 0.90494
3rd Low 0.90439

Download AUD/CAD Signal Image

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