AUD/CAD – 30M – BUY

The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline upwards

A bullish ascent up to the next resistance level at 0.93121 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 0.92965 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘%K crosses above %D’ indicator signal is found. The indicator is ‘%K crosses above %D’. this is usually a bullish signal. The pair is likely to go up.

Besides a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish signal. The pair is likely to go up.

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

0.93121 – 0.92956 – 0.92925 – 0.92965 – 0.92752 – 0.92653 —
0.93012 – 0.93089 —
49.087556628917 – 54.259275071099 —
0.92965 – 1768213800 —
0.93121 – 1768186800

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