AUD/CAD – 4H – BUY

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.9492016 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.95896 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Matching Low’ candlestick pattern is detected. The chart shows ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.95896 – 0.93203 – 0.93236 – 0.94416 – 0.92611 – 0.92573 —
0.94918 – 0.96247 —
45.691728481692 – 66.498920007849 —
– —
0.95896 – 1769659200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Matching Low – Double top retreat up – – – – – – – –