The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.94917 will persist.
Caution: A possible change in the direction of resistance at 0.95609 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.
There is also a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.
There is also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.96006 |
| 2nd High | 0.95718 |
| Next High | 0.95609 |
| Current Price | 0.95086 |
| Next Low | 0.94917 |
| 2nd Low | 0.9445 |
| 3rd Low | 0.94416 |
0.95609 – 0.95718 – 0.96006 – 0.94917 – 0.95197 – 0.95331 —
0.95291 – 0.95273 —
46.099880453145 – 42.566735325742 —
– —
0.95609 – 1770285600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –