AUD/CAD – 1H – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.96089 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.97457 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘Collapsing Doji Star’ candle chart pattern is found. The candles show ‘Collapsing Doji Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.97611 |
| Next High | 0.97457 |
| Current Price | 0.97247 |
| Next Low | 0.96089 |
| 2nd Low | 0.95809 |
| 3rd Low | 0.94618 |
0.97457 – 0.97611 – 0.97483 – 0.96089 – 0.96388 – 0.96473 —
0.97377 – 0.97329 —
62.139971122765 – 61.63296783705 —
– —
0.97457 – 1773957600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Collapsing Doji Star – – – – – – – – –