AUD/CAD – 30M – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards

A bullish ascent up to the next resistance line at 0.91245 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.90803 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Current target is 0.90963 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 0.91245 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Line Strike – Bullish’ candle pattern is found. The candles show ‘Three Line Strike – Bullish’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).

Download AUD/CAD Signal Image

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Line Strike – Bullish