AUD/CAD – 1H – BUY

The combination Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline up.

A continuation of the uptrend upwards to the next resistance line at 0.96247 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.95468 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 0.96247 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.96247 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three White Soldiers’ chart pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. 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 White Soldiers’ heading up is 82%.

0.96247 – 0.94991 – 0.95896 – 0.95468 – 0.94416 – 0.94428 —
0.95736 – 0.95893 —
53.144849949877 – 57.605970699694 —
– —
0.96247 – 1770109200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –