Also there is a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.88885 |
2nd High | 0.88794 |
Next High | 0.88530 |
Current Price | 0.88054 |
Next Low | 0.87963 |
2nd Low | 0.87952 |
3rd Low | 0.87510 |
Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low