The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards
A bearish trend down to the next support line at 0.91451 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91751 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. 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 | 0.92147 |
| 2nd High | 0.92044 |
| Next High | 0.91751 |
| Current Price | 0.91474 |
| Next Low | 0.91451 |
| 2nd Low | 0.9137 |
| 3rd Low | 0.91115 |
0.91751 – 0.91721 – 0.91585 – 0.91584 – 0.91539 – 0.91451 —
0.91599 – 0.91624 —
39.756658295945 – 41.786808174497 —
– —
0.91751 – 1764306000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Head and Shoulder chart pattern – – – – – – – –