AUD/CAD – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 0.97313 is considered certain.

Caution: A possible change in the direction of the support level at 0.96932 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

0.97313 – 0.96864 – 0.96899 – 0.96932 – 0.96636 – 0.96418 —
0.97129 – 0.97363 —
55.847579309851 – 71.699560938817 —
– —
0.97313 – 1772010000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – Double bottom retreat down – – – – – – – –