AUD/CAD – 4H – BUY

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

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

Caution: A possible reversal of the trend in the direction of support at 0.91313 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 0.92044 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.92044 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Northern Doji’ candlestick pattern is found. The candles form ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.91751 – 0.91312 – 0.92044 – 0.91313 – 0.9084 – 0.90554 —
0.91893 – 0.92106 —
56.188372319662 – 68.187908696375 —
– —
0.91751 – 1764302400

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