AUD/CAD – 1H – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at is certain.
Caution: A possible change in the direction of the support level at 0.90842 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish 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 | |
| 2nd High | |
| Next High | |
| Current Price | 0.91744 |
| Next Low | 0.90842 |
| 2nd Low | 0.90101 |
| 3rd Low | 0.89664 |
0.91343 – 0.91078 – 0.90951 – 0.90842 – 0.90101 – 0.89664 — 74.888546746963 – 76.615267199379 — 86.703626450031 – 95.396494309657 – 78.329780913084 – 86.108111262048
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom chart pattern – –