AUD/CAD – 1H – SELL

There is also a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. this is a bearish chart scenario. The pair is likely to go down.

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

A descent down to the next support at 0.89216 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.89452 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

There is also a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.89452 – 0.89608 – 0.89306 – 0.89216 – 0.89080 – 0.88940

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top chart pattern