AUD/CAD – 30M – BUY

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

A continuation of the bullish trend up to the next resistance level at 0.93369 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 0.92979 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 0.93369 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.93369 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ candle pattern is detected. 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.9324 – 0.9326 – 0.93369 – 0.92979 – 0.93031 – 0.92778 —
0.93222 – 0.93205 —
52.011517984531 – 55.312039127525 —
– —
0.93240 – 1768951800

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