AUD/CAD – 1H – BUY

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

A bullish movement up to the next resistance at 0.98153 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.97815 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Bearish SBS White Lines’ candlestick pattern is detected. The candles show ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.98153 – 0.98313 – 0.98014 – 0.97815 – 0.97854 – 0.97872 —
0.97994 – 0.98166 —
48.929749162515 – 50.239002137831 —
– —
0.98153 – 1782921600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish SBS White Lines – – – – – – – – –