Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline down.
A bearish descent downwards to the next support level at 0.92611 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.93031 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93236 |
| 2nd High | 0.93211 |
| Next High | 0.93031 |
| Current Price | 0.92700 |
| Next Low | 0.92611 |
| 2nd Low | 0.92573 |
| 3rd Low | 0.91688 |
0.93031 – 0.93211 – 0.93236 – 0.92611 – 0.92699 – 0.92573 —
0.92675 – 0.92826 —
37.57079663409 – 48.04996395729 —
– —
0.93031 – 1768381200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –