AUD/CAD – 30M – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bearish trendline up.

An ascending movement up to the next resistance at 0.98648 will persist.

Caution: A possible trend reversal in the direction of the support level at 0.97411 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair could go up.

Moreover a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

0.98648 – 0.98679 – 0.9822 – 0.97411 – 0.97994 – 0.98013 —
0.97996 – 0.97915 —
47.54493590619 – 45.535399530725 —
– —
0.98648 – 1776443400

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