AUD/CAD – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 0.97553 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.9797 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Matching Low’ chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.9773 – 0.9797 – 0.9781 – 0.97553 – 0.97498 – 0.97539 —
0.97662 – 0.97767 —
45.087198543593 – 51.962601674294 —
– —
0.9773 – 1777003200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – – – – – – – – –