AUD/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.89817796 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 0.90004 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Below The Stomach’ candlestick pattern is detected. The candles form ‘Below The Stomach’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Below The Stomach’ going down is 60% (Bull Market) & 65% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90517 |
| 2nd High | 0.90032 |
| Next High | 0.90004 |
| Current Price | 0.89767 |
| Next Low | 0.89574 |
| 2nd Low | 0.89518 |
| 3rd Low | 0.89298 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Below The Stomach