AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 0.8998 is considered certain.
Caution: A possible change in the direction of support at could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The pair is likely to go up.
Also there is a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90275 |
| 2nd High | 0.90032 |
| Next High | 0.8998 |
| Current Price | 0.90794 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.8998 – 0.8994 – 0.89877 – 0.89664 – 0.89665 – 0.89622 — 78.262345336819 – 80.20412850822 — 50.967199327166 – 66.666666666667 – 46.279213021532 – 51.758244929595
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom chart pattern – –