AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 0.91641 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.90758 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three White Soldiers’ chart pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. 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 White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91821 |
| 2nd High | 0.91747 |
| Next High | 0.91641 |
| Current Price | 0.91128 |
| Next Low | 0.90758 |
| 2nd Low | 0.90681 |
| 3rd Low | 0.90494 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers