AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 0.89793 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.89532 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90423 |
| 2nd High | 0.90275 |
| Next High | 0.89793 |
| Current Price | 0.89745 |
| Next Low | 0.89532 |
| 2nd Low | 0.89061 |
| 3rd Low | 0.88988 |
0.89793 – 0.90275 – 0.90108 – 0.89532 – 0.89061 – 0.88988 — 48.379895221492 – 51.749166178305 — 79.742837807354 – 85.669975186104 – 85.245910658971 – 83.829120001425
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – –