AUD/CAD – 30M – BUY

The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards

An ascending movement up to the next resistance line at 0.91899 will continue.

Caution: A possible change in the direction of the support zone at 0.91614 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 0.91747178 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 0.91899 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The 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).

0.91899 – 0.91889 – 0.91844 – 0.91614 – 0.91611 – 0.9108 — 51.35719432129 – 57.938937347374 — 88.971294418952 – 93.412300359264 – 91.125732166711 – 90.45162973239

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