AUD/CAD – 30M – BUYIn addition a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90517 |
| 2nd High | 0.90032 |
| Next High | 0.90004 |
| Current Price | 0.89884 |
| Next Low | 0.89574 |
| 2nd Low | 0.89518 |
| 3rd Low | 0.89298 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Engulfing