AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.95533 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.96202 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ” indicator layout is detected. The indicator is ”. which is often a bearish chart signal. The pair is likely to go down.

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Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency 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%.

0.96202 – 0.96345 – 0.96614 – 0.95533 – 0.95821 – 0.95641 —
0.96093 – 0.95690 —
42.479603885081 – 36.102287260885 —
– —
0.96202 – 1772787600

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