The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.98945 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.98321 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Besides a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. 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 | 0.98967 |
| Next High | 0.98945 |
| Current Price | 0.99190 |
| Next Low | 0.98321 |
| 2nd Low | 0.9771 |
| 3rd Low | 0.9722 |
0.98945 – 0.98967 – 0.98713 – 0.98321 – 0.98321 – 0.9771 —
0.98772 – 0.98812 —
64.674813660716 – 58.619619907837 —
– —
0.98945 – 1778176800
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –