AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 0.89307 is expected.
Caution: A possible trend reversal in the direction of support at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
Besides a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89671 |
| 2nd High | 0.89432 |
| Next High | 0.89307 |
| Current Price | 0.89140 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.89307 – 0.89432 – 0.89671 – 0.88882 – 0.88897 – 0.88754
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji