AUD/CAD – 1H – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at will continue.
Caution: A possible counter-trend in the direction of the support line at 0.90842 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
And also a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. 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 | |
| 2nd High | |
| Next High | |
| Current Price | 0.91475 |
| Next Low | 0.90842 |
| 2nd Low | 0.90101 |
| 3rd Low | 0.89664 |
0.91343 – 0.91078 – 0.90951 – 0.90842 – 0.90101 – 0.89664 — 68.419354005984 – 70.588712318933 — 86.617790811339 – 100 – 60.812950056015 – 82.4377303434
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – –