Next a ‘Bullish Engulfing’ chart pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 1.50590 |
Next High | 1.50179 |
Current Price | 1.50159 |
Next Low | 1.49090 |
2nd Low | 1.48752 |
3rd Low | 1.48347 |
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Engulfing