AUD/CAD – 30M – SELLThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline down.
A descent down to the next support line at 0.98321 is expected.
Caution: A possible change in the direction of the resistance line at 0.98859 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Moreover a ‘Southern Doji’ candlestick chart pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.98859 |
| Current Price | 0.98848 |
| Next Low | 0.98321 |
| 2nd Low | 0.9771 |
| 3rd Low | 0.9722 |
0.98713 – 0.98859 – 0.97948 – 0.98321 – 0.9771 – 0.9722 —
0.98908 – 0.98933 —
68.862064307055 – 62.922588561555 —
– —
0.98713 – 1778104800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Southern Doji – – – – – – – – –