AUD/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 0.93203 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.93196 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93211 |
| 2nd High | 0.93203 |
| Next High | 0.93196 |
| Current Price | 0.93103 |
| Next Low | 0.92778 |
| 2nd Low | 0.92637 |
| 3rd Low | 0.92611 |
0.93081 – 0.93196 – 0.93142 – 0.92778 – 0.92836 – 0.92979 —
0.93086 – 0.93114 —
57.138685731784 – 58.537838389748 —
– —
0.93081 – 1768595400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –