AUD/CAD – 4H – BUY

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

The bullish trend up to the next resistance line at 0.98062 will persist.

Caution: A possible trend reversal in the direction of the support zone at 0.97222 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 0.98335148 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 0.98062 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Up’ chart pattern is detected. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.98062 – 0.98335 – 0.98679 – 0.97222 – 0.97453 – 0.97471 —
0.97904 – 0.97923 —
39.090254184333 – 52.613384020492 —
– —
0.98062 – 1777852800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – – – – – – – – –