AUD/CAD – 1H – BUYBesides a ‘Bullish Tri-Star’ chart pattern is detected. The chart forms ‘Bullish Tri-Star’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
Besides a ‘Double top chart pattern’ chart formation is detected. The chart forms ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.91293 |
| 2nd High | 0.91120 |
| Next High | 0.90281 |
| Current Price | 0.89989 |
| Next Low | 0.89864 |
| 2nd Low | 0.89654 |
| 3rd Low | 0.89509 |
0.90281 – 0.90279 – 0.91120 – 0.89864 – 0.90508 – 0.90776
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Tri-Star