AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 0.91899 is considered certain.
Caution: A possible change in the direction of the support line at 0.91614 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92221 |
| 2nd High | 0.91934 |
| Next High | 0.91899 |
| Current Price | 0.91899 |
| Next Low | 0.91614 |
| 2nd Low | 0.91611 |
| 3rd Low | 0.9108 |
0.91899 – 0.91889 – 0.91844 – 0.91614 – 0.91611 – 0.9108 — 45.649185907875 – 59.649565179207 — 17.935625646329 – 40.275982419855 – 17.054823049523 – 24.829081925773
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom chart pattern – –