AUD/CAD – 1H – SELL

Additionally a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.

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

The bearish trend down to the next support at is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.93223 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.93223 – 0.93445 – 0.91996 – 0.92858 – 0.91688 – 0.91336 —
0.93205 – 0.93007 —
49.820022542022 – 40.244211189749 —
– —
0.93223 – 1767841200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top chart pattern – – – – – – – –