AUD/CAD – 30M – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.9509 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 0.94759 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bullish Tri-Star’ candle chart pattern is found. The candles form ‘Bullish Tri-Star’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.95092 |
| Next High | 0.9509 |
| Current Price | 0.95179 |
| Next Low | 0.94759 |
| 2nd Low | 0.94691 |
| 3rd Low | 0.94534 |
0.9509 – 0.95026 – 0.95092 – 0.94759 – 0.94795 – 0.94691 —
0.94886 – 0.95186 —
45.654477107468 – 67.288596475591 —
– —
0.95090 – 1769522400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Tri-Star – – – – – – – – –