AUD/CAD – 30M – BUYAdditionally a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Additionally a ‘Double top chart pattern’ chart layout is discovered. The chart picture shows ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89829 |
| 2nd High | 0.89114 |
| Next High | 0.88722 |
| Current Price | 0.88336 |
| Next Low | 0.88229 |
| 2nd Low | 0.87991 |
| 3rd Low | 0.87890 |
0.88722 – 0.89114 – 0.88806 – 0.88229 – 0.88391 – 0.88412
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji