AUD/CAD – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline down.
The bearish trend downwards to the next support line at 0.94232 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Southern Doji’ candlestick pattern is discovered. The candles form ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.94340 |
| Next Low | 0.94232 |
| 2nd Low | 0.93299 |
| 3rd Low | 0.93095 |
0.9434 – 0.94109 – 0.93468 – 0.94232 – 0.93299 – 0.93095 —
0.94282 – 0.94441 —
62.305549946953 – 66.840165941502 —
0.94232 – 1769126400 —
0.94340 – 1769115600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –