AUD/CAD – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance at 0.91312 will continue.

Caution: A possible counter-trend in the direction of support at 0.90554 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

Moreover a ‘Bullish Engulfing’ chart pattern is detected. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

0.90954 – 0.91312 – 0.91176 – 0.90554 – 0.90732 – 0.90969 —
0.91022 – 0.91078 —
58.071100617655 – 53.826419791857 —
– —
0.90954 – 1763697600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Engulfing – Double bottom chart pattern – – – – – – – –