AUD/CAD – 1H – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline up.

The bullish trend up to the next resistance line at 0.96006 is certain.

Caution: A possible reversal of the trend in the direction of support at 0.94416 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Besides a ‘Inverted Hammer’ candlestick pattern is existing. The chart shows ‘Inverted Hammer’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).

0.96006 – 0.96247 – 0.94991 – 0.95197 – 0.95468 – 0.94416 —
0.95374 – 0.94867 —
42.791328464679 – 29.46001779123 —
– —
0.96006 – 1770217200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Inverted Hammer – Double bottom chart pattern – – – – – – – –