AUD/CAD – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

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

A bearish movement down to the next support level at 0.96516 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.96955 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.96955 – 0.96376 – 0.96267 – 0.96516 – 0.95664 – 0.95753 —
0.96694 – 0.96978 —
50.223429928938 – 64.959174347725 —
0.96516 – 1770890400 —
0.96955 – 1770865200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –