AUD/CAD – 30M – SELL

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

A bearish trend downwards to the next support line at 0.98015 will continue.

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

Furthermore a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.98375 – 0.98043 – 0.98153 – 0.98015 – 0.97815 – 0.97854 —
0.98308 – 0.98471 —
61.086142381358 – 71.420083257128 —
– —
0.98375 – 1783017000

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