AUD/CAD – 30M – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline down.

The bearish trend down to the next support level at 0.93095 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.93369 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

In addition a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.9324 – 0.9326 – 0.93369 – 0.93095 – 0.92979 – 0.93031 —
0.93377 – 0.93381 —
69.72161735978 – 58.512856578392 —
– —
0.93240 – 1768951800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top retreat up – – – – – – – –