AUD/CAD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.97755 is expected.

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

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

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

0.98335 – 0.98261 – 0.9836 – 0.97755 – 0.97674 – 0.97928 —
0.97902 – 0.97946 —
51.768348608728 – 52.06843152841 —
0.97755 – 1782489600 —
0.98335 – 1782401400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –