AUD/CAD – 1H – BUY

Also there is a ‘Double bottom chart pattern’ chart pattern is found. The chart picture forms ‘Double bottom chart pattern’. which is a positive chart scenario. The pair is likely to go up.

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

An ascending movement upwards to the next resistance line at 0.89667 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 0.89241 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Also there is a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.89667 – 0.89607 – 0.89452 – 0.89241 – 0.89210 – 0.89051

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom chart pattern