AUD/CAD – 30M – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 0.92696 will continue.
Caution: A possible change in the direction of the support zone at 0.92317 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ chart pattern is existing. 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.92696 |
| Current Price | 0.92659 |
| Next Low | 0.92317 |
| 2nd Low | 0.91688 |
| 3rd Low | 0.91682 |
0.92696 – 0.9196 – 0.91996 – 0.92317 – 0.91688 – 0.91682 —
0.92478 – 0.92657 —
43.968331619496 – 60.321722936186 —
– —
0.92696 – 1767688200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom chart pattern – – – – – – – –