AUD/CAD – 1H – BUY

The combination Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bullish trendline upwards

A continuation of the upward movement upwards to the next resistance at 0.89452 is considered certain.

Caution: A possible change in the direction of the support level at 0.89080 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Then a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern 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).

0.89452 – 0.89608 – 0.89306 – 0.89216 – 0.89080 – 0.88940

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Rising Wedge Chart Pattern