The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.98679 will continue.
Caution: A possible change in the direction of the support level at 0.97471 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.
Furthermore a ‘Three Line Strike – Bullish’ candlestick pattern is detected. The chart forms ‘Three Line Strike – Bullish’. which 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 Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.98679 |
| Current Price | 0.97696 |
| Next Low | 0.97471 |
| 2nd Low | 0.97411 |
| 3rd Low | 0.96835 |
0.98679 – 0.97994 – 0.9801 – 0.97471 – 0.97411 – 0.96835 —
0.97863 – 0.97721 —
43.424066955164 – 42.948046599377 —
– —
0.98679 – 1776312000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Line Strike – Bullish – – – – – – – – –