AUD/CAD – 30M – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
An ascent upwards to the next resistance line at 0.9324 will continue.
Caution: A possible reversal of the trend in the direction of the support level at is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.
In addition a ‘Bullish Belt Hold’ candlestick chart pattern is found. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93369 |
| 2nd High | 0.9326 |
| Next High | 0.9324 |
| Current Price | 0.93150 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.9324 – 0.9326 – 0.93369 – 0.92979 – 0.93031 – 0.92778 —
0.93159 – 0.93164 —
51.035935296829 – 47.6340358559 —
– —
0.93240 – 1768951800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Belt Hold – – – – – – – – –