AUD/CAD – 30M – BUY

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

An ascending movement up to the next resistance level at 0.97859 is expected.

Caution: A possible trend reversal in the direction of support at 0.97458 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. 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 White Soldiers’ going up is 82%.

0.97859 – 0.98488 – 0.98598 – 0.97458 – 0.97476 – 0.97828 —
0.97588 – 0.97606 —
39.413761326588 – 48.436407036049 —
– —
0.97859 – 1781116200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three White Soldiers – – – – – – – – –