AUD/CAD – 30M – SELL

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

A descent downwards to the next support level at 0.89216 is expected.

Caution: A possible change in the direction of resistance at 0.89452 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Besides a ‘Three Inside Down’ candle pattern is detected. The chart shows ‘Three Inside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.89452 – 0.89608 – 0.89306 – 0.89216 – 0.89231 – 0.89227

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Inside Down – Double top chart pattern