AUD/CAD – 1H – SELL

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

A bearish movement down to the next support line at 0.97815 is expected.

Caution: A possible counter-trend in the direction of resistance at 0.99449 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.98375 – 0.98153 – 0.98313 – 0.97815 – 0.97854 – 0.97872 —
0.98317 – 0.98541 —
60.05293640212 – 69.962201436382 —
– —
0.98375 – 1783015200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –