AUD/CAD – 30M – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.91388 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.90791 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.91111896 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.91388 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. this 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 | 0.91747 |
| 2nd High | 0.91611 |
| Next High | 0.91388 |
| Current Price | 0.91320 |
| Next Low | 0.90791 |
| 2nd Low | 0.90681 |
| 3rd Low | 0.90494 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers