AUD/CAD – 30M – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 0.95446 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.96406 could occur.
Consider stop-loss settings accordingly.

Then a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.96406 – 0.97299 – 0.9708 – 0.95446 – 0.96313 – 0.95986 —
0.96259 – 0.95986 —
49.160243801517 – 39.616325124797 —
– —
0.96406 – 1772573400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Engulfing – – – – – – – – –