AUD/CAD – 1H – SELL

Furthermore a ‘Double top chart pattern’ chart pattern is discovered. The formation shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline downwards

A descent down to the next support line at 0.89216 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.89452 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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