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Price has bounced from the trend line support with bullish signal confirmation. Long position can be taken up, with TP at the immediate resistance overhead.

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Price is forming HLs and has bounced well from rising trendline support. Enter long.

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The overall trend is bearish. Bearish price action is respecting the major trend line resistance. Moreover, the minor trend line resistance is also bearish. A short sell position can be opened here.

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Recent bullish hammers at the 1 hour support level indicate that a long position can be taken up for a short term profit up till immediate resistance area.

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Price action is bearish in the 15m time frame and has bounced from the overhead resistance. A short sell position can be targeted till underlying support.

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Strong bounce from major daily support level. Bullish piercing pattern and bullish continuation price action. Target the immediate resistance level.

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Price has tested an important support level, and bounced from there with a strong bullish engulfing candle. Can open a long position. SL: 1.02383 TP: Target for R:R = 1:1 or next strong resistance.

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Based on series of HHs / HLs and recent bullish candlestick confirmation patterns, it is expected price rally will occur. Hence buy long, and trail your stop loss accordingly for take profit target.

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Based on the DOW theory (LL, LH) and the recent candlestick price action, it is expected the price will show some bearish movement. Hence a short sell call can be taken.

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HHs and HLs are being formed. The recent inverted hammer + bullish confirmation candle identifies a short term long call.

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Based on candlestick pattern, the recent hanging man + bearish engulfing patterns suggests a short term sell call.

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Price action: HH HL, Candlestick patterns: supportive of higher price rally

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The trend is bullish as per HH and HL concept. The recent candlestick pattern also supports the idea to long the trade.

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Higher highs / higher lows indicate bullish momentum. The recent bullish engulfing candlestick price action also supports the idea.

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Continuation of bullish trend for EURAUD is expected.

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From May 2021 onwards, the USDCAD pair is trending bullish hitting higher highs (HH) and higher lows (HL). We can expect this bullish trend to continue further.