There is also a ‘Head and Shoulder chart pattern’ chart pattern is detected. The chart forms ‘Head and Shoulder chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
There is also a ‘Tweezers Top’ candle chart pattern is detected. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.70982 |
| Next High | 0.70901 |
| Current Price | 0.70777 |
| Next Low | 0.70641 |
| 2nd Low | 0.70132 |
| 3rd Low | 0.70075 |
0.70901 – 0.70982 – 0.70373 – 0.70641 – 0.70132 – 0.70075 —
0.70881 – 0.70768 —
57.322252792967 – 51.61229395598 —
– —
0.70901 – 1770741000
Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top – Head and Shoulder chart pattern – – – – – – – –