AUD/CAD – 1H – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline upwards

A bullish trend upwards to the next resistance line at 0.96571 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 0.96151 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The pair is likely to go up.

In addition a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The pair is likely to go up.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 0.9669759 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.96571 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Up’ candlestick pattern is existing. The candles show ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.96571 – 0.96979 – 0.96955 – 0.96151 – 0.96317 – 0.96516 —
0.96412 – 0.96472 —
51.450731540548 – 41.662287490396 —
– —
0.96571 – 1771254000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – Rising Wedge Chart Pattern – – – – – – – –