AUD/CAD – 1H – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline up.

An ascending movement up to the next resistance line at 0.95896 is certain.

Caution: A possible trend reversal in the direction of the support zone at 0.9452 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles show ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.95896 – 0.95453 – 0.95092 – 0.9452 – 0.94649 – 0.94759 —
0.94956 – 0.94740 —
39.414249018126 – 42.765862828837 —
– —
0.95896 – 1769670000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Belt Hold – Double bottom chart pattern – – – – – – – –