AUD/CAD – 30M – SELLAdditionally a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91641 |
| 2nd High | 0.91378 |
| Next High | 0.91243 |
| Current Price | 0.90330 |
| Next Low | 0.90224 |
| 2nd Low | 0.90186 |
| 3rd Low | 0.90171 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Engulfing