AUD/CAD – 30M – BUYThe currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards
A bullish trend up to the next resistance level at 0.91934 is certain.
Caution: A possible trend reversal in the direction of support at 0.91614 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which 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 | 0.92221 |
| Next High | 0.91934 |
| Current Price | 0.91742 |
| Next Low | 0.91614 |
| 2nd Low | 0.91611 |
| 3rd Low | 0.9108 |
0.91899 – 0.91889 – 0.91844 – 0.91614 – 0.91611 – 0.9108 — 43.988246415143 – 43.988246415143 — 16.425446088107 – 15.034625590577 – 44.747237557915 – 24.567179434945
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – –