AUD/CAD – 30M – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.91611 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.91767 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.91816 |
| Next High | 0.91767 |
| Current Price | 0.91688 |
| Next Low | 0.91611 |
| 2nd Low | 0.9108 |
| 3rd Low | 0.91061 |
0.91767 – 0.91816 – 0.91343 – 0.91611 – 0.9108 – 0.91061 — 51.341571707989 – 50.363399734365 — 34.035278400471 – 40.366370038267 – 27.449826023292 – 34.119058940742
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top retreat up – –