AUD/CAD – 30M – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bearish trendline upwards

An ascent upwards to the next resistance level at 0.97975 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 0.97789 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

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

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 0.979612 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.97975 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

0.97975 – 0.97976 – 0.98111 – 0.97789 – 0.97819 – 0.97411 —
0.97778 – 0.97741 —
36.876316370953 – 36.83464357952 —
– —
0.97975 – 1776745800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –