AUD/CAD – 30M – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.

An ascending movement up to the next resistance level at 0.97299 is likely expected.

Caution: A possible trend reversal in the direction of support at 0.96313 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.

In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

In addition a ‘Three Outside Up’ candlestick pattern is detected. The chart forms ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.97299 – 0.9708 – 0.97228 – 0.96313 – 0.95986 – 0.97067 —
0.97126 – 0.96964 —
54.716423771806 – 45.480719605617 —
– —
0.97299 – 1772506800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – – – – – – – – –