AUD/CAD – 30M – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 0.9509 will continue.
Caution: A possible counter-trend in the direction of the support line at 0.94795 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
Moreover a ‘Three Outside Up’ candle pattern is detected. The chart forms ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.95092 |
| Next High | 0.9509 |
| Current Price | 0.95018 |
| Next Low | 0.94795 |
| 2nd Low | 0.94691 |
| 3rd Low | 0.94534 |
0.9509 – 0.95026 – 0.95092 – 0.94795 – 0.94691 – 0.94534 —
0.94952 – 0.94960 —
46.389991041416 – 53.33757876928 —
– —
0.95090 – 1769522400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – – – – – – – – –