AUD/CAD – 30M – BUY

Furthermore a ‘Falling Wedge Chart Pattern’ chart formation is found. The chart forms ‘Falling Wedge Chart Pattern’. which is a positive signal. The pair is likely to go up.

The combination Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.

A bullish ascent upwards to the next resistance at 0.88734 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.88297 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 0.88863 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.88734 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a positive chart scenario. The 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).

0.88734 – 0.88482 – 0.88423 – 0.88297 – 0.87970 – 0.87987

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