AUD/CAD – 30M – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards
A bearish movement down to the next support level at 0.89668 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.89987 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Outside Up’ candle pattern is detected. The chart shows ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90517 |
| 2nd High | 0.90009 |
| Next High | 0.89987 |
| Current Price | 0.89963 |
| Next Low | 0.89668 |
| 2nd Low | 0.89550 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up