AUD/CAD – 30M – SELLThe combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline down.
A continuation of the downtrend down to the next support at 0.89666 is expected.
Caution: A possible change in the direction of the resistance level at 0.89878 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.89926 |
| 2nd High | 0.89923 |
| Next High | 0.89878 |
| Current Price | 0.89796 |
| Next Low | 0.89666 |
| 2nd Low | 0.89582 |
| 3rd Low | 0.89265 |
0.89878 – 0.89923 – 0.89926 – 0.89666 – 0.89704 – 0.89582 — 46.485462539863 – 44.460943916387 — 18.214332103824 – 1.0701920050362 – 40.095292759849 – 19.228653673167
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – –