Then a ‘Double bottom chart pattern’ chart formation is discovered. The chart picture shows ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to go up.
Then a ‘Bullish Engulfing’ candle chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80646 |
| 2nd High | 0.8001 |
| Next High | 0.79873 |
| Current Price | 0.79863 |
| Next Low | 0.79679 |
| 2nd Low | 0.79606 |
| 3rd Low | 0.79512 |
0.79847 – 0.79799 – 0.79592 – 0.79679 – 0.79606 – 0.79512 —
0.79741 – 0.79879 —
49.557105455025 – 55.219668420666 —
– —
0.79847 – 1767870000
Trading Signals: FOREX – USD – USD/CHF – CHF – Bullish Engulfing – Double bottom chart pattern – – – – – – – –