AUD/CAD – 4H – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline up.
A continuation of the upward movement up to the next resistance at 0.98883 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.97815 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.99507 |
| 2nd High | 0.99449 |
| Next High | 0.98883 |
| Current Price | 0.98248 |
| Next Low | 0.97815 |
| 2nd Low | 0.97643 |
| 3rd Low | 0.97458 |
0.98883 – 0.98313 – 0.99449 – 0.97815 – 0.97643 – 0.97458 —
0.98483 – 0.98278 —
47.57576623131 – 44.024000785184 —
– —
0.98883 – 1783396800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –