Additionally a ‘Hammer’ candle chart pattern is discovered. The candles form ‘Hammer’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.89735 |
2nd High | 0.89722 |
Next High | 0.89660 |
Current Price | 0.89648 |
Next Low | 0.89378 |
2nd Low | |
3rd Low |