AUD/CAD – 1H – BUY

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

A bullish trend upwards to the next resistance line at 0.91312 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.

Also there is a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.91312 – 0.91843 – 0.91665 – 0.90554 – 0.90732 – 0.90661 —
0.91100 – 0.91060 —
58.836937642099 – 49.464658302778 —
– —
0.91312 – 1763654400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom chart pattern – – – – – – – –