The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.
A bearish trend downwards to the next support level at is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.91632 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.
Additionally a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92147 |
| 2nd High | 0.92044 |
| Next High | 0.91632 |
| Current Price | 0.91144 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.91632 – 0.92044 – 0.9193 – 0.90896 – 0.91393 – 0.9133 —
0.91213 – 0.91231 —
51.690821199593 – 51.999646543122 —
– —
0.91632 – 1763371800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – –