AUD/CAD – 1H – BUY

Moreover a ‘Double bottom chart pattern’ chart layout is existing. The chart forms ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to rise.

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

A bullish movement upwards to the next resistance line at 0.89667 will continue.

Caution: A possible trend reversal in the direction of support at 0.89241 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Moreover a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. this 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.89667 – 0.89607 – 0.89452 – 0.89241 – 0.89210 – 0.89051

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double bottom chart pattern