Also there is a ‘Double top chart pattern’ chart pattern is detected. The chart forms ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
Also there is a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.81566 |
| 2nd High | 1.80819 |
| Next High | 1.79771 |
| Current Price | 1.78098 |
| Next Low | 1.78008 |
| 2nd Low | 1.77411 |
| 3rd Low | 1.77303 |
1.79771 – 1.79081 – 1.79344 – 1.78103 – 1.78008 – 1.77411 —
1.78849 – 1.78168 —
50.66559548413 – 32.601116218757 —
– —
1.79771 – 1764086400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Double top chart pattern – – – – – – – –