Then a ‘Hammer’ candlestick chart pattern is detected. The candles show ‘Hammer’. 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 probability of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 2.207600000 |
2nd High | 2.197600000 |
Next High | 2.152600000 |
Current Price | 2.068100000 |
Next Low | 1.900000000 |
2nd Low | 1.673900000 |
3rd Low | 1.429200000 |