AUD/CAD – 1H – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the bearish trendline upwards

A bullish movement upwards to the next resistance level at 0.98062 will continue.

Caution: A possible change in the direction of the support level at 0.97389 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘RSI Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Bullish Divergence’. Dieses ist oftmals ein bearisches chart scenario. Die Paarung wird wahrscheinlich fallen.

Then a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.

Then a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

0.98062 – 0.97992 – 0.98335 – 0.97389 – 0.97539 – 0.97222 —
0.97644 – 0.97358 —
43.276810970419 – 30.481385085179 —
– —
0.98062 – 1777856400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –