AUD/CAD – 30M – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 0.98124 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.98324 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Next a ‘Bearish Belt Hold’ candlestick chart pattern is found. The chart shows ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.98324 – 0.98467 – 0.98282 – 0.98124 – 0.98151 – 0.98221 —
0.98252 – 0.98260 —
43.7367035195 – 50.543949367615 —
– —
0.98324 – 1784226600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Belt Hold – – – – – – – – –