AUD/CAD – 30M – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline downwards
The bearish trend down to the next support level at 0.90681 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.91022 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91133 |
| 2nd High | 0.91065 |
| Next High | 0.91022 |
| Current Price | 0.91066 |
| Next Low | 0.90681 |
| 2nd Low | 0.90494 |
| 3rd Low | 0.90439 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows