AUD/CAD – 1H – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards

A bearish descent downwards to the next support level at 0.9755 will continue.

Caution: A possible change in the direction of the resistance level at 0.97873 should be noted.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Next a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles show ‘Bearish Belt Hold’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.97873 – 0.9797 – 0.97911 – 0.9755 – 0.97661 – 0.97471 —
0.97742 – 0.98017 —
51.066800378556 – 66.006839467158 —
– —
0.97873 – 1777039200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Belt Hold – – – – – – – – –