In addition a ‘Hammer’ candle pattern is detected. The chart forms ‘Hammer’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 7.802000000 |
2nd High | 7.678000000 |
Next High | 7.592000000 |
Current Price | 7.071000000 |
Next Low | 6.871000000 |
2nd Low | 6.654000000 |
3rd Low | 6.010000000 |