AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 0.99312 will continue.
Caution: A possible change in the direction of the support zone at 0.98862 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bullish Belt Hold’ candle pattern is discovered. The candles show ‘Bullish Belt Hold’. 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 chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9957 |
| 2nd High | 0.99515 |
| Next High | 0.99312 |
| Current Price | 0.99204 |
| Next Low | 0.98862 |
| 2nd Low | 0.98627 |
| 3rd Low | 0.98532 |
0.99312 – 0.98926 – 0.98847 – 0.98862 – 0.98627 – 0.98532 —
0.99093 – 0.99214 —
52.849073009802 – 59.161608705651 —
– —
0.99312 – 1780074000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Belt Hold – – – – – – – – –