Then a ‘Double bottom retreat down’ chart pattern is discovered. The formation shows ‘Double bottom retreat down’. this is a bearish pattern signal. The pair is likely to go down.
Then a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5806 |
| 2nd High | 0.58011 |
| Next High | 0.57921 |
| Current Price | 0.57872 |
| Next Low | 0.57583 |
| 2nd Low | 0.57567 |
| 3rd Low | 0.57341 |
0.57921 – 0.57911 – 0.57867 – 0.57583 – 0.57628 – 0.57567 —
0.57753 – 0.57835 —
49.259861611498 – 52.156477316149 —
– —
0.57921 – 1765206000
Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –