AUD/CAD – 30M – BUY

The pair 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 0.88999 is certain.

Caution: A possible reversal of the trend in the direction of the support line at 0.87991 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.88999 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.88999 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

0.88999 – 0.88719 – 0.88886 – 0.87991 – 0.87890 – 0.88601

Download AUD/CAD Signal Image

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