AUD/CAD – 30M – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards

A bullish movement upwards to the next resistance line at 0.95248 is likely expected.

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

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.95256334 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.95248 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles show ‘Three Outside Up’. which is a positive pattern signal. The currency 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).

0.95248 – 0.95453 – 0.9509 – 0.94759 – 0.94795 – 0.94691 —
0.94922 – 0.94947 —
37.129795275761 – 44.617656161563 —
– —
0.95248 – 1769590800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – Inverse Head and Shoulder chart pattern – – – – – – – –