AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards

A bearish trend downwards to the next support level at 0.98221 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.98433 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.98282 – 0.98035 – 0.98184 – 0.98221 – 0.97945 – 0.97787 —
0.98274 – 0.98406 —
50.373706302563 – 61.0292004062 —
0.98221 – 1784143800 —
0.98282 – 1784050200

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