AUD/CAD – 30M – BUYThe combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 0.96598 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.95905 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.97594 |
| 2nd High | 0.97102 |
| Next High | 0.96598 |
| Current Price | 0.96268 |
| Next Low | 0.95905 |
| 2nd Low | 0.94618 |
| 3rd Low | 0.9445 |
0.96598 – 0.97102 – 0.97594 – 0.96363 – 0.96637 – 0.96953 —
0.96226 – 0.96265 —
23.867083199147 – 45.92487815064 —
– —
0.96598 – 1773374400
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –