The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.97443 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 0.9658 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
There is also a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.97497 |
| Next High | 0.97443 |
| Current Price | 0.97369 |
| Next Low | 0.9658 |
| 2nd Low | 0.96331 |
| 3rd Low | 0.95905 |
0.97267 – 0.96164 – 0.96202 – 0.9658 – 0.96331 – 0.95905 —
0.96871 – 0.97260 —
59.541630100182 – 69.446313852161 —
– —
0.97267 – 1773172800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –