AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.9511 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.95896 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.94649 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.95896 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.95896 – 0.95248 – 0.95453 – 0.9511 – 0.94649 – 0.94759 —
0.95373 – 0.95605 —
43.759838416782 – 42.357410018971 —
– —
0.95896 – 1769671800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Double top chart pattern – – – – – – – –