The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 0.97594 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.95809 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candle chart pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.97594 |
| Current Price | 0.97025 |
| Next Low | 0.95809 |
| 2nd Low | 0.94618 |
| 3rd Low | 0.94416 |
0.97594 – 0.97497 – 0.97065 – 0.95809 – 0.94618 – 0.95446 —
0.96204 – 0.97033 —
45.74158312866 – 55.5756885633 —
– —
0.97594 – 1773244800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –