The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.92184 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.91688 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.92564 |
| Next High | 0.92184 |
| Current Price | 0.92412 |
| Next Low | 0.91688 |
| 2nd Low | 0.91682 |
| 3rd Low | 0.91437 |
0.9196 – 0.91996 – 0.91968 – 0.91688 – 0.91682 – 0.91437 —
0.92272 – 0.92388 —
70.105107267598 – 71.497225333892 —
– —
0.91960 – 1767394800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –