The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline upwards
The bullish trend upwards to the next resistance at 0.98648 is certain.
Caution: A possible change in the direction of the support level at 0.97411 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish SBS White Lines’ candle pattern is discovered. The candles show ‘Bearish SBS White Lines’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.98679 |
| Next High | 0.98648 |
| Current Price | 0.97979 |
| Next Low | 0.97411 |
| 2nd Low | 0.97338 |
| 3rd Low | 0.96835 |
0.98648 – 0.98679 – 0.9822 – 0.97411 – 0.97994 – 0.98013 —
0.97908 – 0.98078 —
44.645675776669 – 44.08171433241 —
– —
0.98648 – 1776441600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –