AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.95856 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.96694 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.96694 – 0.96598 – 0.97102 – 0.95856 – 0.96363 – 0.96637 —
0.96424 – 0.96146 —
48.354280864571 – 40.567578116846 —
– —
0.96694 – 1773415800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – – – – – – – – –