AUD/CAD – 4H – BUY

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

An ascent up to the next resistance at 0.99507 will continue.

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

Additionally a ‘Above the Stomach’ candle chart pattern is existing. The candles form ‘Above the Stomach’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Above the Stomach’ going up is 66% (Bull Market) & 67% (Bear Market).

0.99507 – 0.99312 – 0.99116 – 0.97458 – 0.9784 – 0.98402 —
0.99251 – 0.99220 —
54.520149429576 – 58.054717240044 —
– —
0.99507 – 1780401600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Above the Stomach – Rising Wedge Chart Pattern – – – – – – – –