AUD/CAD – 4H – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the ascending trendline up.

A continuation of the uptrend up to the next resistance level at 0.98335 is likely expected.

Caution: A possible reversal of the trend in the direction of support at should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 0.98284384 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.98335 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.98335 – 0.98679 – 0.97994 – 0.97453 – 0.97471 – 0.97411 —
0.98005 – 0.97992 —
46.962860718197 – 49.569642054568 —
– —
0.98335 – 1777420800

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – – – – – – – – –