AUD/CAD – 1H – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bearish trendline upwards

The bullish trend upwards to the next resistance line at 0.91843 will continue.

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

In addition a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.91843 – 0.91665 – 0.91671 – 0.91339 – 0.91353 – 0.91389 —
0.91265 – 0.91213 —
39.280890848444 – 45.333539172478 —
– —
0.91843 – 1763143200

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