Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline downwards
A bearish descent down to the next support line at 0.90915 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.91243 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ” indicator layout is existing. The indicator is ”. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91632 |
| 2nd High | 0.91312 |
| Next High | 0.91243 |
| Current Price | 0.91030 |
| Next Low | 0.90915 |
| 2nd Low | 0.90554 |
| 3rd Low | 0.9042 |
0.91243 – 0.91141 – 0.91139 – 0.90915 – 0.90948 – 0.90554 —
0.91179 – 0.91252 —
53.283690808811 – 55.863179651036 —
– —
0.91243 – 1764032400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –