AUD/CAD – 1H – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.97835 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.98517 could happen.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘Falling Window’ candle pattern is detected. The chart shows ‘Falling Window’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

0.98517 – 0.98424 – 0.98581 – 0.97835 – 0.9823 – 0.98361 —
0.98422 – 0.98415 —
44.405769614905 – 54.485516465201 —
– —
0.98517 – 1783659600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Falling Window – – – – – – – – –