AUD/CAD – 1H – SELL

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 0.91038 is certain.

Caution: A possible change in the direction of the resistance level at 0.91843 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.91843 – 0.91665 – 0.91671 – 0.91339 – 0.91353 – 0.91389 —
0.91257 – 0.91054 —
40.46036319845 – 34.761434861707 —
– —
0.91843 – 1763143200

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