AUD/CAD – 1H – SELL

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

A bearish trend downwards to the next support line at 0.94255 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.94945 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

And also a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. 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 success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.94945 – 0.94504 – 0.93369 – 0.94255 – 0.92979 – 0.92778 —
0.94667 – 0.94985 —
60.817637111217 – 74.56086291799 —
– —
0.94945 – 1769385900

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – Double bottom chart pattern – – – – – – – –