AUD/CAD – 30M – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 0.96598 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Last Engulfing Bottom:’ chart pattern is found. The chart forms ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

0.96598 – 0.97102 – 0.97594 – 0.95856 – 0.96363 – 0.96637 —
0.96265 – 0.96555 —
45.92487828751 – 54.902537086252 —
– —
0.96598 – 1773374400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Last Engulfing Bottom: – – – – – – – – –