AUD/CAD – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 0.88988 is likely expected.

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

Furthermore a ‘StochRSI fall below 80’ indicator layout is found. The indicator is ‘StochRSI fall below 80’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘Two Crows’ candle pattern is existing. The chart shows ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 – – –