AUD/CAD – 30M – BUY

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

The bullish trend upwards to the next resistance line at 0.98031 will continue.

Caution: A possible change in the direction of the support zone at 0.9722 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Moreover a ‘Three White Soldiers’ chart pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

0.97948 – 0.97666 – 0.98031 – 0.9722 – 0.97389 – 0.97598 —
0.97881 – 0.97989 —
62.272594109404 – 65.187417640106 —
– —
0.97948 – 1778005800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –