Furthermore a ‘Double top chart pattern’ chart pattern is discovered. The chart forms ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
Furthermore a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.67541 |
| 2nd High | 1.67501 |
| Next High | 1.66465 |
| Current Price | 1.65847 |
| Next Low | 1.65639 |
| 2nd Low | 1.65572 |
| 3rd Low | 1.64288 |
1.66465 – 1.67501 – 1.67292 – 1.65873 – 1.66705 – 1.66544 —
1.66198 – 1.65923 —
40.608275457617 – 35.248385807679 —
– —
1.66465 – 1772024400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Outside Down – Double top chart pattern – – – – – – – –