And also a ‘Double bottom chart pattern’ chart layout is found. The chart shows ‘Double bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.
The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline downwards
A bearish descent down to the next support level at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.90954 could happen.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91632 |
| 2nd High | 0.91312 |
| Next High | 0.90954 |
| Current Price | 0.90963 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.90954 – 0.91312 – 0.91176 – 0.90554 – 0.90732 – 0.90969 —
0.90864 – 0.91025 —
46.932952781548 – 57.948314429434 —
– —
0.90954 – 1763697600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double bottom chart pattern – – – – – – – –