AUD/CAD – 4H – BUY

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

A continuation of the uptrend up to the next resistance line at 0.96979 is expected.

Caution: A possible trend reversal in the direction of support at 0.95981 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘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).

0.96979 – 0.96247 – 0.95896 – 0.95981 – 0.95664 – 0.94644 —
0.96838 – 0.96650 —
51.784699947213 – 51.716181235093 —
– —
0.96979 – 1770912000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – – – – – – – – –