AUD/CAD – 1H – BUY

Moreover a ‘Falling Wedge Chart Pattern’ chart formation is detected. The chart shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The pair is likely to go up.

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

A bullish movement upwards to the next resistance line at 0.88970 will persist.

Caution: A possible reversal of the trend in the direction of support at 0.87970 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

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

0.88482 – 0.88970 – 0.89371 – 0.87970 – 0.88034 – 0.88543

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