The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.99146 is certain.
Caution: A possible change in the direction of the support level at 0.98323 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
And also a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles show ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.99372 |
| 2nd High | 0.993 |
| Next High | 0.99146 |
| Current Price | 0.99034 |
| Next Low | 0.98323 |
| 2nd Low | 0.982 |
| 3rd Low | 0.97601 |
0.98923 – 0.98973 – 0.98578 – 0.98323 – 0.982 – 0.97601 —
0.98864 – 0.99046 —
61.682341866881 – 70.226650618409 —
– —
0.98923 – 1781505000
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Belt Hold – – – – – – – – –