AUD/CAD – 1H – SELL

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

The bearish trend downwards to the next support line at 0.98321 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.98967 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Three Inside Down’ candle chart pattern is discovered. The candles show ‘Three Inside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.98967 – 0.98859 – 0.98062 – 0.98321 – 0.9722 – 0.97389 —
0.98696 – 0.99302 —
55.146355902284 – 76.515583625944 —
– —
0.98967 – 1778148000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Inside Down – – – – – – – – –