AUD/CAD – 1H – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.92858 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.93445 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Two Crows’ chart pattern is found. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.93445 |
| Current Price | 0.93029 |
| Next Low | 0.92858 |
| 2nd Low | 0.91688 |
| 3rd Low | 0.91336 |
0.93445 – 0.91996 – 0.91938 – 0.92858 – 0.91688 – 0.91336 —
0.93154 – 0.93223 —
59.409672286424 – 61.891295961957 —
– —
0.93445 – 1767765600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – – – – – – – – –