AUD/CAD – 1H – BUY

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

A bullish movement upwards to the next resistance at 0.96694 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 0.95856 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘RSI Bullish Divergence’ indicator signal is discovered. The indicator is ‘RSI Bullish Divergence’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘MACD Bullish Divergence’ indicator signal is discovered. The indicator is ‘MACD Bullish Divergence’. which is often a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘MACD-Hist Bullish Divergence’ indicator signal is discovered. The indicator is ‘MACD-Hist Bullish Divergence’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Three Outside Up’ candlestick pattern is existing. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.96694 – 0.97594 – 0.97397 – 0.95856 – 0.94618 – 0.95533 —
0.96430 – 0.96021 —
41.222612195675 – 37.555332756047 —
– —
0.96694 – 1773414000

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