AUD/CAD – 30M – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at will persist.

Caution: A possible change in the direction of resistance at 0.89508 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Besides a ‘Two Crows’ candlestick pattern is found. The candles show ‘Two Crows’. which is a bearish signal. The pair is likely to go down. 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).

0.89508 – 0.89741 – 0.89690 – 0.89078 – 0.89466 – 0.89501 — 50.210805727707 – 44.322721582417 — 76.223025120964 – 59.710422400383 – 72.537198019226 – 70.235261817668

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – Double top chart pattern – –