AUD/CAD – 30M – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance line at 0.98713 is likely expected.

Caution: A possible change in the direction of support at 0.98321 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bullish Engulfing’ candle chart pattern is existing. The candles show ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

0.98713 – 0.98859 – 0.97948 – 0.98321 – 0.9771 – 0.9722 —
0.98770 – 0.98848 —
62.422139846844 – 67.046075968305 —
– —
0.98713 – 1778104800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Engulfing – – – – – – – – –