AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 0.88988 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.89302 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Two Crows’ candlestick chart pattern is found. The candles show ‘Two Crows’. 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.89302 – 0.89454 – 0.89821 – 0.88988 – 0.89009 – 0.89239 — 43.367250309217 – 42.120087926506

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – – –