AUD/CAD – 4H – BUYAlso there is a ‘Double bottom chart pattern’ chart pattern is detected. The chart shows ‘Double bottom chart pattern’. which is a positive signal. The pair is likely to go up.
Also there is a ‘Bullish Belt Hold’ candle chart pattern is existing. The candles form ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90423 |
| 2nd High | 0.90275 |
| Next High | 0.90032 |
| Current Price | 0.89966 |
| Next Low | 0.89514 |
| 2nd Low | 0.89029 |
| 3rd Low | 0.88988 |
0.89938 – 0.90032 – 0.90275 – 0.89514 – 0.89029 – 0.88988 — 37.038952910177 – 53.806759852966 — 0 – 19.371794426499 – 24.347063074223 – 13.933779725732
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Belt Hold – Double bottom chart pattern – –