AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline downwards

A continuation of the downtrend down to the next support line at is certain.

Caution: A possible change in the direction of the resistance zone at 0.96345 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. 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 0.96345 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.96345 – 0.96614 – 0.96681 – 0.95533 – 0.95821 – 0.95641 —
0.96068 – 0.96124 —
57.306219956665 – 54.870423125657 —
– —
0.96345 – 1772708400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –