AUD/CAD – 4H – BUY

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

The bullish trend up to the next resistance line at 0.91312 will continue.

Caution: A possible counter-trend in the direction of the support level at 0.90554 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.

Then a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. this is usually a bullish signal. The currency pair is likely to rise.

Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 0.91299 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.91312 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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).

0.91312 – 0.92044 – 0.91671 – 0.90554 – 0.90661 – 0.91339 —
0.91141 – 0.91252 —
47.82431841856 – 53.307855086387 —
– —
0.91312 – 1763654400

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