The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 0.98313 is expected.
Caution: A possible trend reversal in the direction of support at 0.97872 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair could go up.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Additionally a ‘Three Outside Up’ candlestick pattern is found. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.9836 |
| 2nd High | 0.98335 |
| Next High | 0.98313 |
| Current Price | 0.98078 |
| Next Low | 0.97872 |
| 2nd Low | 0.97648 |
| 3rd Low | 0.97643 |
0.98313 – 0.97886 – 0.98014 – 0.97872 – 0.97648 – 0.97722 —
0.98030 – 0.98051 —
50.186883355524 – 50.564668949348 —
– —
0.98313 – 1782856800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – – – – – – – – –