The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance at 0.9157 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.91327 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
And also a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. 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 | 0.92044 |
| 2nd High | 0.91751 |
| Next High | 0.9157 |
| Current Price | 0.91572 |
| Next Low | 0.91327 |
| 2nd Low | 0.91313 |
| 3rd Low | 0.91115 |
0.9157 – 0.91559 – 0.91751 – 0.91327 – 0.91313 – 0.91584 —
0.91529 – 0.91574 —
53.167283262981 – 56.824852235979 —
– —
0.91570 – 1764559800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top retreat up – – – – – – – –