AUD/CAD – 30M – BUYBesides a ‘Inverted Hammer’ candle chart pattern is existing. The candles form ‘Inverted Hammer’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91378 |
| 2nd High | 0.91243 |
| Next High | 0.90609 |
| Current Price | 0.90480 |
| Next Low | 0.90368 |
| 2nd Low | 0.90002 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Inverted Hammer