AUD/CAD – 1H – SELL

The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline down.

The bearish trend downwards to the next support line at 0.97815 is considered certain.

Caution: A possible change in the direction of resistance at 0.98153 could occur.
Please make appropriate stop-loss settings in the case of a trade.

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

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

Next a ‘Tweezers Top’ candle chart pattern is discovered. The candles form ‘Tweezers Top’. which 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 ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.98153 – 0.98313 – 0.98014 – 0.97815 – 0.97854 – 0.97872 —
0.98265 – 0.98153 —
59.745148439683 – 54.397253497095 —
– —
0.98153 – 1782921600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Tweezers Top – – – – – – – – –