AUD/CAD – 30M – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance line at 0.89878 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.89666 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89926 |
| 2nd High | 0.89923 |
| Next High | 0.89878 |
| Current Price | 0.89822 |
| Next Low | 0.89666 |
| 2nd Low | 0.89582 |
| 3rd Low | 0.89265 |
0.89878 – 0.89923 – 0.89926 – 0.89666 – 0.89704 – 0.89582 — 57.934802692287 – 50.506550447861 — 43.165936830336 – 39.796266964813 – 35.833410975496 – 37.061192376575
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – –