AUD/CAD – 30M – BUYFurthermore a ‘Hammer’ chart pattern is detected. The chart forms ‘Hammer’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90032 |
| 2nd High | 0.89899 |
| Next High | 0.89714 |
| Current Price | 0.89553 |
| Next Low | 0.89215 |
| 2nd Low | 0.88881 |
| 3rd Low |