AUD/CAD – 30M – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline down.
A bearish descent downwards to the next support at 0.90494 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.90943 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.91043434 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 0.90943 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive pattern signal. The 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 | 0.91611 |
| 2nd High | 0.91208 |
| Next High | 0.90943 |
| Current Price | 0.90936 |
| Next Low | 0.90494 |
| 2nd Low | 0.90439 |
| 3rd Low | 0.90384 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers