AUD/CAD – 1H – BUY

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

An ascent up to the next resistance line at 0.91312 is certain.

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

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair is likely to rise.

In addition a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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).

0.91312 – 0.91843 – 0.91665 – 0.90906 – 0.90554 – 0.90732 —
0.91063 – 0.91222 —
51.745138344342 – 59.378264822225 —
0.90906 – 1764000000 —
0.91312 – 1763654400

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