AUD/CAD – 1H – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline up.

A bullish ascent upwards to the next resistance level at 0.91843 will persist.

Caution: A possible counter-trend in the direction of the support line at 0.91038 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.

Moreover a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.91843 – 0.91665 – 0.91671 – 0.91339 – 0.91353 – 0.91389 —
0.91502 – 0.91204 —
43.479660705799 – 30.556245678439 —
– —
0.91843 – 1763143200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom retreat down – – – –