AUD/CAD – 1H – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline downwards

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

Caution: A possible trend reversal in the direction of the resistance level at 0.98375 could happen.
In the case of a trade, always set appropriate stop-loss settings.

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

Moreover a ‘Two Crows’ chart pattern is existing. The candles show ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.98375 – 0.98153 – 0.98313 – 0.97815 – 0.97854 – 0.97872 —
0.98155 – 0.98472 —
53.564981514983 – 68.735218567779 —
– —
0.98375 – 1783015200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Two Crows – – – – – – – – –