AUD/CAD – 1H – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at is expected.
Caution: A possible change in the direction of support at 0.94649 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Furthermore a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.95854 |
| Next Low | 0.94649 |
| 2nd Low | 0.94255 |
| 3rd Low | 0.92979 |
0.95453 – 0.95092 – 0.94945 – 0.94649 – 0.94759 – 0.94255 —
0.95152 – 0.95413 —
58.117922060768 – 63.746046713527 —
– —
0.95453 – 1769565600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – Inverse Head and Shoulder chart pattern – – – – – – – –