AUD/CAD – 30M – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 0.97789 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.97976 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ going down is 82%.

0.97976 – 0.98111 – 0.98078 – 0.97789 – 0.97819 – 0.97411 —
0.97911 – 0.97887 —
44.900958396669 – 41.618412681586 —
– —
0.97976 – 1776726000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – – – – – – – – –