AUD/CAD – 30M – 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 0.88297 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.88819 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.88819 – 0.88734 – 0.88482 – 0.88297 – 0.87970 – 0.87987

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down