AUD/CAD – 1H – BUY

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

A continuation of the upward movement up to the next resistance line at 0.95581 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.95222 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘RSI Hidden Bullish Divergence’ indicator layout is existing. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.957275 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.95581 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Up’ candlestick chart pattern is found. The chart forms ‘Three Outside Up’. this is a bullish 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).

0.95581 – 0.95727 – 0.96319 – 0.95222 – 0.95083 – 0.95235 —
0.95386 – 0.95445 —
46.652000510706 – 45.653727371512 —
– —
0.95581 – 1774886400

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