AUD/CAD – 30M – BUY

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

A continuation of the uptrend up to the next resistance level at 0.89819 is likely expected.

Caution: A possible trend reversal in the direction of the support line at 0.89241 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. 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).

0.89819 – 0.89667 – 0.89536 – 0.89241 – 0.89210 – 0.89051

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