AUD/CAD – 30M – SELLThe pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline down.
A descent down to the next support at 0.9108 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 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 discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.91477 |
| Next Low | 0.9108 |
| 2nd Low | 0.91061 |
| 3rd Low | 0.90898 |
0.91343 – 0.91078 – 0.8998 – 0.9108 – 0.91061 – 0.90898 — 66.319637861725 – 57.081061514976 — 52.951663388124 – 43.505724349434 – 41.707461491058 – 44.206493839339
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom retreat down – –