The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.
A bullish trend up to the next resistance at 0.97911 will continue.
Caution: A possible change in the direction of the support zone at 0.97661 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.
There is also a ‘RSI Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Bullish Divergence’. which is often a bearish chart signal. The currency pair could go down.
There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
There is also a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.97943 |
| 2nd High | 0.9793 |
| Next High | 0.97911 |
| Current Price | 0.97695 |
| Next Low | 0.97661 |
| 2nd Low | 0.97471 |
| 3rd Low | 0.97411 |
0.97911 – 0.9793 – 0.97943 – 0.97661 – 0.97471 – 0.97789 —
0.97967 – 0.97705 —
60.946911366659 – 44.33657462976 —
– —
0.97911 – 1776913200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –