AUD/CAD – 1H – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.
A descent downwards to the next support line at 0.91826 is likely expected.
Caution: A possible change in the direction of the resistance zone at could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.92011 |
| Next Low | 0.91826 |
| 2nd Low | 0.90842 |
| 3rd Low | 0.90101 |
0.91816 – 0.91343 – 0.91078 – 0.91826 – 0.90842 – 0.90101 — 48.00445541525 – 46.189035179983 — 56.589011842361 – 30.794020578528 – 65.743221380962 – 51.57186306866
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – –