AUD/CAD – 1H – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline upwards

An ascending movement upwards to the next resistance line at 0.93196 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 0.92778 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.

There is also a ‘Northern Doji’ chart pattern is discovered. The candles show ‘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).

0.93196 – 0.93203 – 0.93031 – 0.92778 – 0.92611 – 0.92699 —
0.93101 – 0.93124 —
58.746578944163 – 57.476743474923 —
– —
0.93196 – 1768564800

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