There is also a ‘Hammer’ chart pattern is existing. The chart forms ‘Hammer’. which is a bullish signal. The currency pair is likely to rise. 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 | 101.55400 |
2nd High | 101.02600 |
Next High | 99.16100 |
Current Price | 98.57900 |
Next Low | 97.49000 |
2nd Low | 97.04900 |
3rd Low | 96.92900 |