The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 0.96247 will persist.
Caution: A possible reversal of the trend in the direction of support at 0.95753 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.
Additionally a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘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 chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.96247 |
| Current Price | 0.96217 |
| Next Low | 0.95753 |
| 2nd Low | 0.94644 |
| 3rd Low | 0.94416 |
0.96103 – 0.96006 – 0.96247 – 0.95753 – 0.94644 – 0.95197 —
0.95971 – 0.96217 —
51.931217311634 – 65.933557571402 —
0.95753 – 1770638400 —
0.96103 – 1770598800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –