AUD/CAD – 1H – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bullish trendline upwards

A continuation of the upward movement up to the next resistance at 0.96838 is considered certain.

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

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The pair is likely to go up.

And also a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.96690982 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.96838 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish SBS White Lines’ candlestick pattern is found. The chart forms ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.96838 – 0.96699 – 0.96678 – 0.96313 – 0.96352 – 0.96185 —
0.96529 – 0.96636 —
41.707137712497 – 49.519343891974 —
0.96313 – 1771516800 —
0.96838 – 1771495200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –