AUD/CAD – 1H – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards

A bearish descent downwards to the next support level at 0.95664 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.96267 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

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

0.96267 – 0.96103 – 0.96006 – 0.95664 – 0.95753 – 0.94644 —
0.95860 – 0.96224 —
40.491388518682 – 61.623230042058 —
– —
0.96267 – 1770656400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Double top chart pattern – – – – – – – –