AUD/CAD – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 0.91996 is likely expected.

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

Besides a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.9196 – 0.91996 – 0.91968 – 0.91688 – 0.91682 – 0.91437 —
0.92015 – 0.92272 —
58.006637453469 – 70.105106765714 —
– —
0.91960 – 1767394800

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