AUD/CAD – 30M – SELL

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support level at 0.97674 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.98335 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.98335 – 0.98261 – 0.9836 – 0.97674 – 0.97928 – 0.98013 —
0.97919 – 0.97996 —
49.177932848261 – 57.294762144201 —
– —
0.98335 – 1782401400

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