AUD/CAD – 30M – SELL

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

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

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

Next a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Two Crows’ candle pattern is discovered. The candles form ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 — 5.2846394094265 – 5.2846394094265 – 21.93759149421 – 9.6475480151636

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