AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 0.90676 is considered certain.
Caution: A possible change in the direction of the support level at 0.90079 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91243 |
| 2nd High | 0.90701 |
| Next High | 0.90676 |
| Current Price | 0.90397 |
| Next Low | 0.90079 |
| 2nd Low | 0.90002 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up