AUD/USD – 30M – BUYNext a ‘Inverted Hammer’ candle chart pattern is found. The candles show ‘Inverted Hammer’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.63269 |
| 2nd High | 0.63021 |
| Next High | 0.62878 |
| Current Price | 0.62189 |
| Next Low | 0.62115 |
| 2nd Low | 0.62049 |
| 3rd Low | 0.61976 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Inverted Hammer