AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support line at 0.94618 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.96202 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ” indicator layout is discovered. The indicator is ”. this is usually a bearish chart scenario. The currency pair is likely to fall.

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Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Bearish Belt Hold’ candlestick pattern is discovered. The chart shows ‘Bearish Belt Hold’. 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 success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.96202 – 0.96345 – 0.96614 – 0.94618 – 0.95278 – 0.95533 —
0.95742 – 0.96056 —
68.952888907109 – 74.779041667331 —
– —
0.96202 – 1772787600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Belt Hold – – – – – – – – –