AUD/CAD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 0.91655 will continue.

Caution: A possible trend reversal in the direction of the support level at 0.91313 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The currency pair is likely to rise.

Besides a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.91655 – 0.91751 – 0.91721 – 0.91313 – 0.9084 – 0.90906 —
0.91597 – 0.91716 —
52.504478813185 – 58.845470558151 —
– —
0.91655 – 1764612000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –