AUD/CAD – 30M – BUYIn addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 0.913525 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.9125 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Belt Hold’ candlestick chart pattern is found. The chart shows ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92044 |
| 2nd High | 0.91632 |
| Next High | 0.9125 |
| Current Price | 0.91042 |
| Next Low | 0.90699 |
| 2nd Low | 0.90661 |
| 3rd Low | 0.90617 |
0.90948 – 0.9125 – 0.91632 – 0.90699 – 0.90661 – 0.90869 —
0.90838 – 0.90989 —
49.067237605908 – 60.475559547439 —
– —
0.90948 – 1763569800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Belt Hold – – – – –