There is also a ‘Double top retreat up’ chart pattern is detected. The formation shows ‘Double top retreat up’. this is a bullish chart scenario. The currency pair is likely to go up.
The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline upwards
An ascending movement up to the next resistance level at 0.95609 is expected.
Caution: A possible change in the direction of support at 0.94939 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.96006 |
| 2nd High | 0.95718 |
| Next High | 0.95609 |
| Current Price | 0.95289 |
| Next Low | 0.94939 |
| 2nd Low | 0.9445 |
| 3rd Low | 0.94416 |
0.95609 – 0.95718 – 0.96006 – 0.95197 – 0.95331 – 0.95726 —
0.95535 – 0.95234 —
51.052340127775 – 23.348947031058 —
– —
0.95609 – 1770285600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – – Double top retreat up – – – – – – – –