AUD/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support level at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.89536 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.891715 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.89536 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Also there is a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.89536 – 0.89239 – 0.89308 – 0.89106 – 0.88972 – 0.88807

Download AUD/CAD Signal Image

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