AUD/CAD – 30M – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.

A bullish trend up to the next resistance level at 0.95145 is likely expected.

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

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.95162 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.95145 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Up’ chart pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.95145 – 0.95605 – 0.95896 – 0.94428 – 0.94444 – 0.9452 —
0.94859 – 0.94906 —
55.021033798515 – 49.320645737373 —
– —
0.95145 – 1769733000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –