AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.91816 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.9108 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.91816 |
| Current Price | 0.91705 |
| Next Low | 0.9108 |
| 2nd Low | 0.91061 |
| 3rd Low | 0.90898 |
0.91816 – 0.91343 – 0.91078 – 0.9108 – 0.91061 – 0.90898 — 56.281750760576 – 56.903233883832 — 9.8481111912079 – 20.482857178991 – 3.2827037304026 – 10.110322790066
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – –