AUD/CAD – 30M – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards

A bullish trend up to the next resistance line at 0.91585 is likely expected.

Caution: A possible change in the direction of support at 0.9137 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.91585 – 0.91618 – 0.91258 – 0.9137 – 0.91115 – 0.9084 —
0.91515 – 0.91517 —
52.680533254704 – 47.054902735351 —
– —
0.91585 – 1764169200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –