AUD/CAD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance level at 0.92384 is certain.

Caution: A possible change in the direction of the support level at 0.91732 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

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

0.92384 – 0.91981 – 0.91893 – 0.91732 – 0.91551 – 0.91313 —
0.92268 – 0.92242 —
56.704353457305 – 54.393428893396 —
– —
0.92384 – 1764842400

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