AUD/CAD – 30M – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline up.
A bullish ascent up to the next resistance level at 0.89741 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.89061 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90275 |
| 2nd High | 0.90032 |
| Next High | 0.89741 |
| Current Price | 0.89453 |
| Next Low | 0.89061 |
| 2nd Low | 0.88988 |
| 3rd Low | 0.88940 |
0.89741 – 0.89690 – 0.90032 – 0.89466 – 0.89501 – 0.89830 — 34.627137711654 – 36.095963502073 — 2.6057629063633 – 6.0555308177717 – 4.7665029318331 – 4.8789718088991
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Triple top chart pattern – –