AUD/CAD – 4H – BUY

The combination Australian Dollar/Canadian Dollar (AUD/CAD) goes from the bullish trendline up.

A continuation of the uptrend upwards to the next resistance line at 0.92044 is considered certain.

Caution: A possible change in the direction of support at 0.90661 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.90979004 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 0.92044 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.92044 – 0.91671 – 0.91979 – 0.90661 – 0.91339 – 0.91038 —
0.91176 – 0.90916 —
45.381392160811 – 36.353778679302 —
– —
0.92044 – 1763020800

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