The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.90661 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.9125 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.
There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92044 |
| 2nd High | 0.91632 |
| Next High | 0.9125 |
| Current Price | 0.90833 |
| Next Low | 0.90661 |
| 2nd Low | 0.90617 |
| 3rd Low | 0.9042 |
0.9125 – 0.91632 – 0.92044 – 0.90661 – 0.90869 – 0.90896 —
0.90827 – 0.90904 —
44.770563501695 – 51.349003922735 —
– —
0.91250 – 1763472600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top chart pattern – – – –