AUD/CAD – 1H – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.92384 will persist.
Caution: A possible trend reversal in the direction of the support line at 0.91732 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.92416 |
| Next High | 0.92384 |
| Current Price | 0.92350 |
| Next Low | 0.91732 |
| 2nd Low | 0.91551 |
| 3rd Low | 0.91313 |
0.92384 – 0.91981 – 0.91893 – 0.91732 – 0.91551 – 0.91313 —
0.92274 – 0.92309 —
57.299918012922 – 59.130992168215 —
– —
0.92384 – 1764842400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top retreat up – – – – – – – –