AUD/CAD – 30M – BUYFurthermore a ‘Inverse Head and Shoulder chart pattern’ chart pattern is existing. The chart picture shows ‘Inverse Head and Shoulder chart pattern’. this is a bullish pattern signal. The pair is likely to go up.
The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 0.92956 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.92752 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Furthermore a ‘Northern Doji’ candle pattern is found. The chart shows ‘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 | 0.93223 |
| 2nd High | 0.93057 |
| Next High | 0.92956 |
| Current Price | 0.92967 |
| Next Low | 0.92752 |
| 2nd Low | 0.92653 |
| 3rd Low | 0.92418 |
0.92956 – 0.92925 – 0.93057 – 0.92752 – 0.92653 – 0.92838 —
0.92877 – 0.92890 —
50.291352237236 – 61.85329106844 —
– —
0.92956 – 1767972600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –