AUD/CAD – 1H – BUY

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

A bullish trend upwards to the next resistance at 0.88581 is likely expected.

Caution: A possible change in the direction of the support level at 0.88215 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.88787 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 0.88581 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.

There is also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).

There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

0.88581 – 0.88740 – 0.88787 – 0.88215 – 0.87954 – 0.88249

Download AUD/CAD Signal Image

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