AUD/CAD – 30M – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.91168 is considered certain.
Caution: A possible counter-trend in the direction of support at 0.90704 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Bullish Engulfing’ chart pattern is detected. The chart forms ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91611 |
| 2nd High | 0.91208 |
| Next High | 0.91168 |
| Current Price | 0.91010 |
| Next Low | 0.90704 |
| 2nd Low | 0.90494 |
| 3rd Low | 0.90439 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Engulfing