AUD/CAD – 1H – BUY

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

The bullish trend upwards to the next resistance level at 0.91243 will continue.

Caution: A possible change in the direction of the support level at 0.90906 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

0.91243 – 0.91312 – 0.91843 – 0.90906 – 0.90554 – 0.90732 —
0.91178 – 0.91258 —
49.453272763649 – 56.462464845681 —
– —
0.91243 – 1764032400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – Double bottom chart pattern – – – – – – – –