AUD/CAD – 30M – BUY

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

An ascending movement upwards to the next resistance level at 0.96607 will persist.

Caution: A possible trend reversal in the direction of support at 0.96185 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Additionally a ‘Three Outside Up’ candlestick chart pattern is detected. The candles show ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.96512 – 0.96571 – 0.96607 – 0.96185 – 0.96151 – 0.96317 —
0.96668 – 0.96587 —
68.339866791609 – 56.956413845149 —
– —
0.96512 – 1771329600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – Double bottom chart pattern – – – – – – – –