The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.96657 is likely expected.
Caution: A possible counter-trend in the direction of the support level at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The pair is likely to go up.
Then a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The pair is likely to go up.
Then a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. which 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 | |
| 2nd High | 0.97611 |
| Next High | 0.96657 |
| Current Price | 0.96309 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.96657 – 0.97611 – 0.97594 – 0.95516 – 0.95083 – 0.9503 —
0.96185 – 0.96317 —
52.229957508864 – 52.871756371768 —
– —
0.96657 – 1775044800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –