AUD/CAD – 1H – SELL

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

A bearish trend downwards to the next support level at will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.98883 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. 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).

0.98883 – 0.98375 – 0.98153 – 0.98361 – 0.97815 – 0.97854 —
0.98722 – 0.98477 —
52.268637441538 – 38.044397307537 —
– —
0.98883 – 1783396800

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