AUD/CAD – 30M – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 0.98713 is expected.
Caution: A possible change in the direction of the support level at 0.98321 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.98859 |
| Next High | 0.98713 |
| Current Price | 0.98804 |
| Next Low | 0.98321 |
| 2nd Low | 0.9771 |
| 3rd Low | 0.9722 |
0.98713 – 0.98859 – 0.97948 – 0.98321 – 0.9771 – 0.9722 —
0.98706 – 0.98782 —
60.631838460887 – 63.375126384089 —
– —
0.98713 – 1778104800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –