AUD/CAD – 1H – BUY

Also there is a ‘Double bottom chart pattern’ chart pattern is discovered. The chart picture shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to go up.

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

A bullish ascent up to the next resistance line at 0.96699 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 0.96352 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.96783592 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 0.96699 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish SBS White Lines’ candle pattern is found. The chart forms ‘Bearish SBS White Lines’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.96699 – 0.96678 – 0.96571 – 0.96352 – 0.96185 – 0.96151 —
0.96462 – 0.96754 —
45.873950541421 – 52.861412414127 —
– —
0.96699 – 1771412400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish SBS White Lines – Double bottom chart pattern – – – – – – – –