AUD/CAD – 1H – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 0.92778 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.93196 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93211 |
| 2nd High | 0.93203 |
| Next High | 0.93196 |
| Current Price | 0.93034 |
| Next Low | 0.92778 |
| 2nd Low | 0.92611 |
| 3rd Low | 0.92573 |
0.93196 – 0.93203 – 0.93031 – 0.92778 – 0.92611 – 0.92699 —
0.93065 – 0.93107 —
52.096468967082 – 57.444634728408 —
– —
0.93196 – 1768564800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –