AUD/CAD – 1H – BUY

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

A bullish ascent up to the next resistance at 0.98517 will continue.

Caution: A possible counter-trend in the direction of the support level at 0.97787 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘Bearish SBS White Lines’ candle pattern is existing. The candles show ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

0.98282 – 0.98517 – 0.98424 – 0.97787 – 0.97835 – 0.9823 —
0.98387 – 0.98406 —
73.304075156313 – 61.100532738134 —
– —
0.98282 – 1784048400

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