AUD/CAD – 30M – BUY

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

A bullish trend upwards to the next resistance level at 0.96968 is certain.

Caution: A possible trend reversal in the direction of the support level at 0.96089 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The pair is likely to go up.

Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Next a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

0.96968 – 0.96767 – 0.97104 – 0.96089 – 0.96388 – 0.96647 —
0.96577 – 0.96831 —
47.042961646187 – 56.537949035048 —
– —
0.96968 – 1773923400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –