AUD/CAD – 1H – BUY

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

A continuation of the bullish trend up to the next resistance at 0.98375 is considered certain.

Caution: A possible change in the direction of the support line at 0.97815 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Bullish Belt Hold’ chart pattern is existing. The candles show ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

0.98375 – 0.98153 – 0.98313 – 0.97815 – 0.97854 – 0.97872 —
0.98185 – 0.98308 —
49.611886929277 – 60.766754313184 —
– —
0.98375 – 1783015200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Belt Hold – – – – – – – – –