AUD/CAD – 1H – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 0.90951 will continue.
Caution: A possible change in the direction of support at 0.90101 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91293 |
| 2nd High | 0.9112 |
| Next High | 0.90951 |
| Current Price | 0.90972 |
| Next Low | 0.90101 |
| 2nd Low | 0.89664 |
| 3rd Low | 0.89514 |
0.90951 – 0.8998 – 0.89877 – 0.90101 – 0.89664 – 0.89514 — 67.932390780195 – 69.951011601839 — 46.959748885387 – 70.091828025925 – 30.853777334698 – 46.744089391905
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top chart pattern – –