AUD/CAD – 1H – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.

An ascending movement up to the next resistance level at 0.91721 is expected.

Caution: A possible counter-trend in the direction of the support line at 0.9084 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. 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).

0.91721 – 0.91618 – 0.91243 – 0.9084 – 0.90906 – 0.90554 —
0.91665 – 0.91613 —
57.392670771067 – 53.442411440049 —
– —
0.91721 – 1764226800

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