AUD/CAD – 30M – BUY

The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline up.

A continuation of the uptrend upwards to the next resistance at 0.91871 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 0.91475 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Bullish Belt Hold’ chart pattern is detected. The candles show ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.91871 – 0.92564 – 0.92384 – 0.91631 – 0.92157 – 0.92184 —
0.91696 – 0.91686 —
36.023865305136 – 45.714408163267 —
– —
0.91871 – 1765170000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Belt Hold – Double top retreat up – – – – – – – –