AUD/CAD – 30M – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.91343 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 0.91061 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.91343 |
| Current Price | 0.91273 |
| Next Low | 0.91061 |
| 2nd Low | 0.90898 |
| 3rd Low | 0.9042 |
0.91343 – 0.91078 – 0.8998 – 0.91061 – 0.90898 – 0.9042 — 58.986246390575 – 60.716324974202 — 77.069942776557 – 90.513383776747 – 69.539590847865 – 78.667317549426
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom retreat down – –