AUD/CAD – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

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

A bearish trend down to the next support level at 0.94759 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.95453 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

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

Besides a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.95453 – 0.95092 – 0.94945 – 0.94759 – 0.94255 – 0.92979 —
0.95071 – 0.95083 —
54.548533903323 – 51.744215161184 —
– —
0.95453 – 1769565600

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