AUD/CAD – 30M – BUY

Moreover a ‘Double top retreat up’ chart layout is detected. The chart shows ‘Double top retreat up’. which is a bullish chart scenario. The currency pair is likely to rise.

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) jumps from the bearish trendline upwards

An ascending movement upwards to the next resistance line at 0.89452 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair is likely to rise.

Moreover a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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).

0.89452 – 0.89608 – 0.89306 – 0.89216 – 0.89231 – 0.89227

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top retreat up