AUD/CAD – 30M – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline down.
A bearish descent downwards to the next support line at 0.9108 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.91420 |
| Next Low | 0.9108 |
| 2nd Low | 0.91061 |
| 3rd Low | 0.90898 |
0.91343 – 0.91078 – 0.8998 – 0.9108 – 0.91061 – 0.90898 — 58.378159936399 – 56.768268480395 — 39.493592712676 – 15.458116755013 – 52.333007025678 – 36.996437536811
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Double bottom chart pattern – –