Then a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 1.40791 |
2nd High | 1.40663 |
Next High | 1.40430 |
Current Price | 1.40395 |
Next Low | 1.40156 |
2nd Low | 1.40100 |
3rd Low | 1.40089 |
Trading Signals: FOREX – USD – USD/CAD – CAD – Matching Low