Also there is a ‘Double top retreat up’ chart pattern is found. The chart picture shows ‘Double top retreat up’. which is a positive signal. The currency pair is likely to go up.
The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline up.
A bullish ascent up to the next resistance line at 0.91871 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 0.91475 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.
Also there is a ‘Northern Doji’ chart pattern is discovered. 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.92564 |
| Next High | 0.91871 |
| Current Price | 0.91660 |
| Next Low | 0.91475 |
| 2nd Low | 0.91457 |
| 3rd Low | 0.91327 |
0.91871 – 0.92564 – 0.92384 – 0.91631 – 0.92157 – 0.92184 —
0.91703 – 0.91625 —
26.768128303878 – 25.999049310489 —
– —
0.91871 – 1765170000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top retreat up – – – – – – – –