AUD/CAD – 30M – BUY

The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards

The bullish trend upwards to the next resistance line at 0.96681 is expected.

Caution: A possible counter-trend in the direction of the support zone at 0.95641 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Bearish SBS White Lines’ candle pattern is existing. The chart shows ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

0.96681 – 0.96547 – 0.96406 – 0.95641 – 0.95446 – 0.96313 —
0.96525 – 0.96579 —
55.825566906248 – 43.362604696141 —
– —
0.96681 – 1772658000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish SBS White Lines – Rising Wedge Chart Pattern – – – – – – – –