AUD/CAD – 30M – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance line at 0.95092 is expected.

Caution: A possible trend reversal in the direction of support at could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

Additionally a ‘Three Outside Up’ chart pattern is detected. The candles form ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 —
0.94874 – 0.94835 —
52.032731941528 – 43.474439716632 —
– —
0.95092 – 1769454000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – – – – – – – – –