AUD/CAD – 1H – SELLNext a ‘Double bottom retreat down’ chart formation is existing. The formation shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to go down.
Next a ‘Bearish Belt Hold’ candlestick pattern is found. The chart shows ‘Bearish Belt Hold’. which is a negative chart scenario. 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 | 0.95092 |
| Current Price | 0.95062 |
| Next Low | 0.94759 |
| 2nd Low | 0.94255 |
| 3rd Low | 0.92979 |
0.95092 – 0.94945 – 0.94504 – 0.94759 – 0.94255 – 0.92979 —
0.94960 – 0.95212 —
54.552885091436 – 56.544536551232 —
– —
0.95092 – 1769454000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Belt Hold – Double bottom retreat down – – – – – – – –