The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 0.9793 is likely expected.
Caution: A possible trend reversal in the direction of support at 0.97661 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.
Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.97975 |
| 2nd High | 0.97943 |
| Next High | 0.9793 |
| Current Price | 0.97848 |
| Next Low | 0.97661 |
| 2nd Low | 0.97471 |
| 3rd Low | 0.97411 |
0.9793 – 0.97943 – 0.97975 – 0.97661 – 0.97471 – 0.97597 —
0.97875 – 0.97839 —
58.9841921591 – 52.994387364855 —
– —
0.9793 – 1776850200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – – – – – – – – –