AUD/CAD – 30M – BUY

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

The bullish trend upwards to the next resistance level at 0.91789 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 0.91489 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘%K fall below 80’ indicator layout is existing. The indicator is ‘%K fall below 80’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Next a ‘Latter Bottom’ candlestick chart pattern is discovered. The chart shows ‘Latter Bottom’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).

0.91789 – 0.91871 – 0.92564 – 0.91489 – 0.91631 – 0.92157 —
0.91777 – 0.91812 —
55.102895620254 – 57.05994730933 —
– —
0.91789 – 1765236600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Latter Bottom – – – – – – – – –