AUD/CAD – 1H – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) goes from the descending trendline upwards

A bullish trend up to the next resistance at 0.91843 will continue.

Caution: A possible change in the direction of the support level at 0.90661 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.91843 – 0.91665 – 0.91671 – 0.90661 – 0.90896 – 0.91339 —
0.90913 – 0.90838 —
45.398813344752 – 45.56490294874 —
– —
0.91843 – 1763143200

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