AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 0.8998 is certain.
Caution: A possible trend reversal in the direction of the support level at is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which 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 | 0.8998 |
| Current Price | 0.90110 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.8998 – 0.8994 – 0.89877 – 0.89664 – 0.89665 – 0.89622 — 37.610815349913 – 39.957062083507 — 3.7078223295418 – 9.9044714155599 – 1.2359407765139 – 4.5374312483673
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Triple bottom chart pattern – –