AUD/CAD – 1H – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.91996 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.91688 could occur.
Consider stop-loss settings accordingly.
There is also a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair is likely to rise.
There is also a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | 0.92564 |
| 2nd High | 0.92184 |
| Next High | 0.91996 |
| Current Price | 0.92445 |
| Next Low | 0.91688 |
| 2nd Low | 0.91336 |
| 3rd Low | 0.91022 |
0.91996 – 0.91938 – 0.91837 – 0.91688 – 0.91336 – 0.91623 —
0.92061 – 0.92392 —
61.559054517792 – 74.064816724274 —
– —
0.91996 – 1767373200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –