AUD/CAD – 1H – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline down.
A bearish movement downwards to the next support line at 0.90002 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.91243 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish SBS White Lines’ candle pattern is detected. The chart forms ‘Bearish SBS White Lines’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91641 |
| 2nd High | 0.91378 |
| Next High | 0.91243 |
| Current Price | 0.90489 |
| Next Low | 0.90002 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish SBS White Lines