The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 0.90954 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.90732 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘MACD crosses above signal’ indicator layout is existing. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair is likely to rise.
There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
There is also a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91632 |
| 2nd High | 0.91312 |
| Next High | 0.90954 |
| Current Price | 0.90854 |
| Next Low | 0.90732 |
| 2nd Low | 0.90699 |
| 3rd Low | 0.90661 |
0.90954 – 0.91312 – 0.91176 – 0.90732 – 0.90969 – 0.90699 —
0.90853 – 0.90916 —
39.339079596228 – 40.030964988293 —
– —
0.90954 – 1763697600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top retreat up – – – –