The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at will persist.
Caution: A possible trend reversal in the direction of the support level at 0.96418 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
And also a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.97077 |
| Next Low | 0.96418 |
| 2nd Low | 0.96116 |
| 3rd Low | 0.95664 |
0.96899 – 0.97065 – 0.96838 – 0.96418 – 0.96521 – 0.96605 —
0.96864 – 0.97002 —
56.587039040393 – 61.895656942815 —
– —
0.96899 – 1771923600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –