AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline downwards

A descending movement downwards to the next support line at 0.90915 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.91243 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.91243 – 0.91141 – 0.91139 – 0.90915 – 0.90948 – 0.90554 —
0.91243 – 0.91205 —
62.545688313136 – 58.533949976645 —
0.91243 – 1764032400 —
– 1764032400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –