AUD/CAD – 30M – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline down.
A bearish trend down to the next support level at 0.94759 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Belt Hold’ candle pattern is detected. The candles show ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.95110 |
| Next Low | 0.94759 |
| 2nd Low | 0.94691 |
| 3rd Low | 0.94534 |
0.9509 – 0.95026 – 0.95092 – 0.94759 – 0.94795 – 0.94691 —
0.94903 – 0.95221 —
48.556654170525 – 66.125940635261 —
– —
0.95090 – 1769522400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Belt Hold – – – – – – – – –