AUD/CAD – 1H – BUY

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

A bullish ascent upwards to the next resistance level at 0.97996 is certain.

Caution: A possible trend reversal in the direction of the support level at 0.97743 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair could go up.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.

Additionally a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair could go up.

Additionally a ‘RSI Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive chart scenario. The currency pair could go up.

Additionally a ‘MACD Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘MACD Hidden Bullish Divergence’. which could be a positive chart scenario. The currency pair could go up.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 0.98039 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.97996 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.97996 – 0.98039 – 0.97873 – 0.97743 – 0.97453 – 0.9755 —
0.97964 – 0.97914 —
53.735310746299 – 45.058985707229 —
– —
0.97996 – 1777345200

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