AUD/CAD – 1H – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) moves from the descending trendline upwards

A bullish ascent up to the next resistance level at 0.91843 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 0.91038 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The currency pair could go up.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 0.9122798 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.91843 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.91843 – 0.91665 – 0.91671 – 0.91339 – 0.91353 – 0.91389 —
0.91307 – 0.91087 —
39.103138768689 – 32.252847395763 —
– —
0.91843 – 1763143200

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top retreat up – – – –