AUD/CAD – 1H – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the ascending trendline up.

A continuation of the upward movement upwards to the next resistance at 0.96247 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 0.95468 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Bullish Engulfing’ candlestick pattern is existing. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.

0.96247 – 0.94991 – 0.95896 – 0.95468 – 0.94416 – 0.94428 —
0.95815 – 0.95783 —
58.474251000968 – 56.924572762064 —
– —
0.96247 – 1770109200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Engulfing – – – – – – – – –