AUD/CAD – 1H – BUY

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

A continuation of the upward movement up to the next resistance at is considered certain.

Caution: A possible change in the direction of the support zone at 0.98321 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

In addition a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.98967 – 0.98859 – 0.98062 – 0.98321 – 0.9722 – 0.97389 —
0.98613 – 0.98826 —
50.551929044427 – 56.053702532208 —
– —
0.98967 – 1778148000

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