The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline down.
The bearish trend down to the next support line at is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.91789 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.
And also a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
And also a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.92564 |
| 2nd High | 0.91871 |
| Next High | 0.91789 |
| Current Price | 0.91854 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.91789 – 0.91871 – 0.92564 – 0.91536 – 0.91489 – 0.91631 —
0.91958 – 0.91892 —
59.162756833547 – 49.421118569729 —
– —
0.91789 – 1765236600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –