AUD/CAD – 30M – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance line at 0.96376 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.95664 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.96376 – 0.95999 – 0.96267 – 0.95664 – 0.95786 – 0.95753 —
0.96238 – 0.96158 —
58.341183583282 – 53.938252431191 —
– —
0.96376 – 1770784200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – Double bottom chart pattern – – – – – – – –