The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 0.98578 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.98323 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Furthermore a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. 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 | 0.99146 |
| 2nd High | 0.98598 |
| Next High | 0.98578 |
| Current Price | 0.98889 |
| Next Low | 0.98323 |
| 2nd Low | 0.982 |
| 3rd Low | 0.97601 |
0.98578 – 0.98498 – 0.97859 – 0.98323 – 0.982 – 0.97601 —
0.98532 – 0.98559 —
57.188022718653 – 58.656753285125 —
– —
0.98578 – 1781265600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –