AUD/CAD – 1H – SELL

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

A continuation of the bearish trend down to the next support at 0.97674 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.98335 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

There is also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

There is also a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.98335 – 0.98261 – 0.99449 – 0.97674 – 0.97928 – 0.97969 —
0.97891 – 0.98049 —
42.007298545413 – 51.494571521776 —
– —
0.98335 – 1782399600

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