AUD/CAD – 1H – BUY

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

A continuation of the bullish trend up to the next resistance at 0.91996 will continue.

Caution: A possible trend reversal in the direction of the support level at 0.91688 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ candle pattern is found. The chart shows ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.91996 – 0.91938 – 0.91837 – 0.91688 – 0.91336 – 0.91623 —
0.91965 – 0.92132 —
59.273923734792 – 66.921215262869 —
– —
0.91996 – 1767373200

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