The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline down.
A bearish descent downwards to the next support at 0.91327 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.91559 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.
Besides a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair could go up.
Besides a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.
Besides a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a positive 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92044 |
| 2nd High | 0.91751 |
| Next High | 0.91559 |
| Current Price | 0.91522 |
| Next Low | 0.91327 |
| 2nd Low | 0.91313 |
| 3rd Low | 0.91115 |
0.91559 – 0.91751 – 0.91721 – 0.91327 – 0.91313 – 0.91584 —
0.91524 – 0.91538 —
47.494852011743 – 47.591612460213 —
– —
0.91559 – 1764360000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –