AUD/CAD – 30M – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline down.
A bearish movement down to the next support level at 0.94649 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.95248 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.95453 |
| Next High | 0.95248 |
| Current Price | 0.95724 |
| Next Low | 0.94649 |
| 2nd Low | 0.94534 |
| 3rd Low | 0.94255 |
0.95248 – 0.95453 – 0.9509 – 0.9511 – 0.94649 – 0.94759 —
0.95323 – 0.95896 —
58.083581053619 – 73.472827695488 —
– —
0.95248 – 1769590800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –