AUD/CAD – 1H – SELL

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

A descent downwards to the next support level at 0.90661 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.91312 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.91312 – 0.91843 – 0.91665 – 0.90732 – 0.90661 – 0.90896 —
0.90949 – 0.90881 —
47.706687996447 – 46.94982852951 —
– —
0.91312 – 1763654400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Double top chart pattern – – – –