AUD/CAD – 30M – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline up.

A continuation of the uptrend upwards to the next resistance line at 0.91312 is considered certain.

Caution: A possible counter-trend in the direction of the support line at 0.90915 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 0.91312 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.91312 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

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

0.91141 – 0.91139 – 0.90954 – 0.90915 – 0.90948 – 0.90554 —
0.91142 – 0.91187 —
60.650885019847 – 59.929990080154 —
– —
0.91141 – 1763978400

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