AUD/CAD – 1H – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at will persist.
Caution: A possible counter-trend in the direction of the support line at 0.90842 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.92212 |
| Next Low | 0.90842 |
| 2nd Low | 0.90101 |
| 3rd Low | 0.89664 |
0.91816 – 0.91343 – 0.91078 – 0.90842 – 0.90101 – 0.89664 — 68.856129017788 – 69.346497608896 — 53.026960423621 – 27.272695869502 – 73.908039798297 – 52.317487465356
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – –