AUD/CAD – 30M – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline down.

A descending movement down to the next support level at 0.95641 is expected.

Caution: A possible change in the direction of the resistance zone at 0.96614 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.9573746 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.96614 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.96614 – 0.96681 – 0.96547 – 0.95641 – 0.95446 – 0.96313 —
0.96322 – 0.96236 —
38.047877352694 – 33.890490579439 —
– —
0.96614 – 1772679600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –