The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance level at 0.9793 will persist.
Caution: A possible counter-trend in the direction of support at 0.97661 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair could go up.
Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Then a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 0.97975 |
| 2nd High | 0.97943 |
| Next High | 0.9793 |
| Current Price | 0.97868 |
| Next Low | 0.97661 |
| 2nd Low | 0.97471 |
| 3rd Low | 0.97411 |
0.9793 – 0.97943 – 0.97975 – 0.97661 – 0.97471 – 0.97597 —
0.97846 – 0.97856 —
55.897991206702 – 54.277018377985 —
– —
0.9793 – 1776850200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –