The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 0.92184 will persist.
Caution: A possible trend reversal in the direction of the support zone at 0.91336 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish 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 | |
| 2nd High | 0.92564 |
| Next High | 0.92184 |
| Current Price | 0.92214 |
| Next Low | 0.91336 |
| 2nd Low | 0.90867 |
| 3rd Low | 0.9084 |
0.91938 – 0.91863 – 0.92184 – 0.91336 – 0.91466 – 0.90867 —
0.91883 – 0.92061 —
60.752804251525 – 64.068237367917 —
– —
0.91938 – 1766995200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom retreat down – – – – – – – –