AUD/CAD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.87954 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.88886 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

0.88886 – 0.88781 – 0.88581 – 0.88466 – 0.88090 – 0.88215

Download AUD/CAD Signal Image

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows