AUD/CAD – 30M – BUYThe pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 0.93445 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 0.9284 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘%K crosses above %D’ indicator layout is found. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The currency pair is likely to rise.
And also a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish signal. The currency pair is likely to rise.
And also a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.93445 |
| Current Price | 0.93022 |
| Next Low | 0.9284 |
| 2nd Low | 0.92418 |
| 3rd Low | 0.92317 |
0.93445 – 0.92696 – 0.9196 – 0.9284 – 0.92418 – 0.92317 —
0.93043 – 0.92957 —
36.995013101618 – 38.166873072898 —
– —
0.93445 – 1767765600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –