The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.97313 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.96636 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
Then a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. 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 | |
| Next High | 0.97313 |
| Current Price | 0.97122 |
| Next Low | 0.96636 |
| 2nd Low | 0.96418 |
| 3rd Low | 0.96403 |
0.97313 – 0.96864 – 0.96899 – 0.96636 – 0.96418 – 0.96521 —
0.97225 – 0.97081 —
59.406911349819 – 54.184948710868 —
– —
0.97313 – 1772010000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –