AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 0.8994 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 0.89514 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair is likely to rise.
Then a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Then a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90275 |
| 2nd High | 0.90032 |
| Next High | 0.8994 |
| Current Price | 0.89966 |
| Next Low | 0.89514 |
| 2nd Low | 0.89265 |
| 3rd Low | 0.89029 |
0.8994 – 0.89877 – 0.89789 – 0.89664 – 0.89665 – 0.89622 — 58.723178300201 – 60.553388181186 — 100 – 100 – 86.061340365381 – 95.408262656499
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom chart pattern – –