AUD/CAD – 1H – BUY

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Besides a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive signal. 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 0.97225372 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.97611 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Up’ candle pattern is found. The chart forms ‘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 chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.97611 – 0.97483 – 0.96694 – 0.96388 – 0.96473 – 0.95809 —
0.96730 – 0.96840 —
47.342272189851 – 44.605091006024 —
– —
0.97611 – 1773824400

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