AUD/CAD – 1H – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the ascending trendline downwards

A bearish movement downwards to the next support line at 0.89032 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.89718 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.

Besides a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

Besides a ‘Double top chart pattern’ chart layout is existing. The chart forms ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.

Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.

0.89718 – 0.89632 – 0.88582 – 0.89032 – 0.88001 – 0.87970

Download AUD/CAD Signal Image

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