AUD/CAD – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance at 0.91996 will persist.

Caution: A possible counter-trend in the direction of the support level at 0.91688 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.91996 – 0.91938 – 0.91837 – 0.91688 – 0.91336 – 0.91623 —
0.92424 – 0.92462 —
73.322992466887 – 69.810268376775 —
– —
0.91996 – 1767373200

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