The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance level at 0.90948 is certain.
Caution: A possible trend reversal in the direction of support at 0.90699 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.
There is also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
There is also a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. 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 | 0.91632 |
| 2nd High | 0.9125 |
| Next High | 0.90948 |
| Current Price | 0.90916 |
| Next Low | 0.90699 |
| 2nd Low | 0.90661 |
| 3rd Low |
0.90948 – 0.9125 – 0.91632 – 0.90699 – 0.90661 – 0.90869 —
0.90779 – 0.90859 —
41.729923909456 – 52.131419954173 —
0.90699 – 1763575200 —
0.90948 – 1763569800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – –