The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 0.96317 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.96074 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.96657 |
| 2nd High | 0.96542 |
| Next High | 0.96317 |
| Current Price | 0.96554 |
| Next Low | 0.96074 |
| 2nd Low | 0.95894 |
| 3rd Low | 0.95516 |
0.96317 – 0.96542 – 0.96185 – 0.96074 – 0.96133 – 0.95894 —
0.96647 – 0.96564 —
70.906617052244 – 60.053526772292 —
– —
0.96317 – 1775532600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –