AUD/CAD – 4H – BUY

Next a ‘Falling Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Falling Wedge Chart Pattern’. this is a bullish chart scenario. The currency pair is likely to go up.

The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.

A bullish movement upwards to the next resistance level at 0.89469 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 0.88497 could occur.
Consider stop-loss settings accordingly.

Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Next a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.89469 – 0.89108 – 0.89506 – 0.88497 – 0.88318 – 0.88577

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