Buy AUD/CAD – 30M – BUY

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

A bullish movement up to the next resistance level at 0.89307 is likely expected.

Caution: A possible counter-trend in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.

In addition a ‘Hammer’ chart pattern is discovered. The chart shows ‘Hammer’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).

Support & Resistance Price Range*
3rd High 0.89671
2nd High 0.89432
Next High 0.89307
Current Price 0.89135
Next Low
2nd Low
3rd Low

0.89307 – 0.89432 – 0.89671 – 0.88882 – 0.88897 – 0.88754

Download AUD/CAD Signal Image

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