AUD/CAD – 1H – BUY

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair could go up.

And also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.9807186 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 0.98062 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bullish Belt Hold’ chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

0.98062 – 0.97992 – 0.98335 – 0.9722 – 0.97389 – 0.97539 —
0.97797 – 0.97860 —
58.713211041379 – 57.886054626629 —
– —
0.98062 – 1777856400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Belt Hold – – – – – – – – –