AUD/CAD – 30M – SELL

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

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

Caution: A possible reversal of the trend in the direction of the resistance line at 0.9773 could happen.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘Collapsing Doji Star’ chart pattern is detected. The chart forms ‘Collapsing Doji Star’. this is a bearish pattern signal. 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).

0.9773 – 0.9797 – 0.9781 – 0.97553 – 0.97498 – 0.97539 —
0.97620 – 0.97719 —
41.012658930034 – 52.302694243915 —
0.97553 – 1777012200 —
0.9773 – 1777003200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Collapsing Doji Star – Rising Wedge Chart Pattern – – – – – – – –