AUD/CAD – 4H – BUY

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

The bullish trend up to the next resistance at 0.89608 is expected.

Caution: A possible reversal of the trend in the direction of support at 0.89051 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.89608 – 0.89273 – 0.89469 – 0.89051 – 0.87897 – 0.87970

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