AUD/CAD – 30M – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 0.95248 is certain.
Caution: A possible change in the direction of the support level at 0.94649 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.95453 |
| Next High | 0.95248 |
| Current Price | 0.95710 |
| Next Low | 0.94649 |
| 2nd Low | 0.94534 |
| 3rd Low | 0.94255 |
0.95248 – 0.95453 – 0.9509 – 0.94649 – 0.94759 – 0.94795 —
0.95414 – 0.95615 —
58.086806468481 – 67.589257442662 —
– —
0.95248 – 1769590800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – Inverse Head and Shoulder chart pattern – – – – – – – –