AUD/CAD – 30M – BUY

The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline upwards

A continuation of the upward movement up to the next resistance level at 0.95092 is expected.

Caution: A possible reversal of the trend in the direction of the support line at is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 0.95092 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.95092 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Up’ candle chart pattern is existing. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.95092 – 0.94945 – 0.94504 – 0.94534 – 0.94255 – 0.94232 —
0.94986 – 0.94755 —
60.05346118952 – 39.671662893331 —
– —
0.95092 – 1769454000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – Double bottom chart pattern – – – – – – – –