AUD/CAD – 4H – BUY

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

A continuation of the uptrend up to the next resistance level at 0.92416 is likely expected.

Caution: A possible counter-trend in the direction of support at 0.91313 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The pair is likely to go up.

Furthermore a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. 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).

0.91751 – 0.91312 – 0.92044 – 0.91313 – 0.9084 – 0.90554 —
0.92037 – 0.92291 —
64.91534936881 – 67.125243671759 —
– —
0.91751 – 1764302400

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Northern Doji – Double top chart pattern – – – – – – – –