AUD/CAD – 4H – BUY

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

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

Caution: A possible trend reversal in the direction of support at 0.94416 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish SBS White Lines’ candle chart pattern is found. The chart forms ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.96247 – 0.95896 – 0.93203 – 0.94416 – 0.92611 – 0.92573 —
0.95989 – 0.95331 —
51.288834357948 – 41.475790560455 —
– —
0.96247 – 1770105600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –