AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline up.
A bullish movement upwards to the next resistance at 0.8994 is certain.
Caution: A possible reversal of the trend in the direction of support at 0.89664 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
Besides a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 | 0.89726 |
| Next Low | 0.89664 |
| 2nd Low | 0.89622 |
| 3rd Low | 0.89514 |
0.8994 – 0.89877 – 0.89789 – 0.89664 – 0.89665 – 0.89622 — 33.112847233217 – 39.019762817982 — 77.668872008495 – 85.037980887037 – 63.791387806858 – 74.746456009309
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – –