Furthermore a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles show ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.90173 |
2nd High | 0.89932 |
Next High | 0.89603 |
Current Price | 0.89286 |
Next Low | 0.89066 |
2nd Low | 0.88881 |
3rd Low |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Belt Hold