There is also a ‘Double bottom chart pattern’ chart pattern is found. The chart shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.
The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline down.
A descent down to the next support level at 0.91451 will persist.
Caution: A possible change in the direction of resistance at 0.92044 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The pair is likely to go up.
There is also a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92156 |
| 2nd High | 0.92147 |
| Next High | 0.92044 |
| Current Price | 0.91649 |
| Next Low | 0.91451 |
| 2nd Low | 0.9137 |
| 3rd Low | 0.91115 |
0.91585 – 0.91618 – 0.91258 – 0.91451 – 0.9137 – 0.91115 —
0.91620 – 0.91587 —
58.713812552532 – 50.371161094118 —
– —
0.91585 – 1764169200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – Double bottom chart pattern – – – – – – – –