AUD/CAD – 4H – BUY

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

A continuation of the upward movement up to the next resistance level at 0.91751 is considered certain.

Caution: A possible change in the direction of support at 0.91313 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘%K crosses above %D’ indicator signal is found. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 0.92044 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 0.91751 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.91751 – 0.91312 – 0.92044 – 0.91313 – 0.9084 – 0.90554 —
0.91655 – 0.91781 —
58.836031703649 – 59.029670200951 —
– —
0.91751 – 1764302400

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