AUD/CAD – 30M – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.89308 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
In addition a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a negative 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89829 |
| 2nd High | 0.89718 |
| Next High | 0.89308 |
| Current Price | 0.89096 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.89308 – 0.89301 – 0.89718 – 0.88833 – 0.88790 – 0.89032
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows