AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 0.95145 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.94444 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.94754728 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.95145 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles show ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.95896 |
| 2nd High | 0.95605 |
| Next High | 0.95145 |
| Current Price | 0.94726 |
| Next Low | 0.94444 |
| 2nd Low | 0.94255 |
| 3rd Low | 0.94232 |
0.95145 – 0.95605 – 0.95896 – 0.94444 – 0.9452 – 0.9511 —
0.94636 – 0.94765 —
36.717286033972 – 42.313590209689 —
– —
0.95145 – 1769733000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Belt Hold – – – – – – – – –