AUD/CAD – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.88988 will persist.

Caution: A possible change in the direction of the resistance line at 0.89302 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI fall below 80’ indicator signal is detected. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.89302 – 0.89454 – 0.89821 – 0.88988 – 0.89009 – 0.89239 — 43.367250309217 – 42.120087926506 — 10.5 – 0

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