Sell AUD/CAD – 1H – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline down.

A descending movement downwards to the next support line at 0.88549 is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.89273 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Then a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 0.89469
2nd High 0.89371
Next High 0.89273
Current Price 0.88654
Next Low 0.88549
2nd Low 0.88203
3rd Low 0.87970

0.89273 – 0.88819 – 0.88734 – 0.88549 – 0.88203 – 0.88297

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