AUD/CAD – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 0.93445 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of resistance at 0.93445 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.93445 |
| Current Price | 0.93057 |
| Next Low | 0.91688 |
| 2nd Low | 0.91336 |
| 3rd Low | 0.91022 |
0.93445 – 0.91996 – 0.91938 – 0.91688 – 0.91336 – 0.91623 —
0.93174 – 0.93071 —
59.93697600063 – 46.791362494166 —
– —
0.93445 – 1767765600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –