AUD/CAD – 1H – SELL

There is also a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A descent downwards to the next support at 0.92699 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.93031 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

There is also a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.92573 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.93031 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

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

0.93031 – 0.93211 – 0.93236 – 0.92699 – 0.92573 – 0.92653 —
0.92978 – 0.92802 —
53.841860310008 – 40.27956152119 —
– —
0.93031 – 1768381200

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