AUD/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.89864 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.90279 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91120 |
| 2nd High | 0.90299 |
| Next High | 0.90279 |
| Current Price | 0.90096 |
| Next Low | 0.89864 |
| 2nd Low | 0.89654 |
| 3rd Low | 0.89509 |
0.90279 – 0.90299 – 0.91120 – 0.89864 – 0.90059 – 0.90123
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down