The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 0.97497 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 0.95446 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.
Additionally a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.97497 |
| Current Price | 0.96005 |
| Next Low | 0.95446 |
| 2nd Low | 0.94644 |
| 3rd Low | 0.94416 |
0.97497 – 0.97065 – 0.96979 – 0.95446 – 0.95986 – 0.96418 —
0.96202 – 0.95320 —
37.233268364954 – 36.783948867125 —
– —
0.97497 – 1772064000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –