AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline down.

A bearish trend down to the next support level at 0.92979 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.93369 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.93369 – 0.93126 – 0.93081 – 0.92979 – 0.93031 – 0.92778 —
0.93089 – 0.93226 —
41.298711243588 – 57.095153861281 —
– —
0.93369 – 1768901400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –