AUD/CAD – 30M – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.89032 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.89718 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90446 |
| 2nd High | 0.89829 |
| Next High | 0.89718 |
| Current Price | 0.89394 |
| Next Low | 0.89032 |
| 2nd Low | 0.88001 |
| 3rd Low | 0.87970 |
0.89718 – 0.89383 – 0.89632 – 0.89032 – 0.89163 – 0.89258
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji