AUD/CAD – 4H – BUY

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline up.

A continuation of the uptrend up to the next resistance at 0.96979 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 0.95981 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.96979 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.96979 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Harami Cross’ candlestick chart pattern is detected. The chart forms ‘Bearish Harami Cross’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).

0.96979 – 0.96247 – 0.95896 – 0.95981 – 0.95664 – 0.94644 —
0.96571 – 0.96472 —
57.057884464839 – 53.142294584626 —
– —
0.96979 – 1770912000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Harami Cross – Double bottom retreat down – – – – – – – –