AUD/CAD – 30M – BUYFurthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.92770576 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.93196 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Matching Low’ chart pattern is discovered. The candles form ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93211 |
| 2nd High | 0.93203 |
| Next High | 0.93196 |
| Current Price | 0.92790 |
| Next Low | 0.92836 |
| 2nd Low | 0.92637 |
| 3rd Low | 0.92611 |
0.93196 – 0.93142 – 0.93203 – 0.92836 – 0.92979 – 0.9285 —
0.93057 – 0.93013 —
52.375883212715 – 44.146624349027 —
– —
0.93196 – 1768566600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – Double top chart pattern – – – – – – – –