There is also a ‘Inverted Hammer’ chart pattern is detected. The candles form ‘Inverted Hammer’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.67149 |
2nd High | 1.67087 |
Next High | 1.67049 |
Current Price | 1.66823 |
Next Low | 1.66386 |
2nd Low | 1.66197 |
3rd Low | 1.65662 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Inverted Hammer