Next a ‘Double bottom chart pattern’ chart formation is detected. The chart forms ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
Next a ‘Bullish Tri-Star’ candlestick pattern is discovered. The chart forms ‘Bullish Tri-Star’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.65851 |
| Next Low | 0.65534 |
| 2nd Low | 0.65225 |
| 3rd Low | 0.65078 |
0.65835 – 0.65525 – 0.65608 – 0.65534 – 0.65225 – 0.65078
Trading Signals: FOREX – AUD – AUD/USD – USD – Bullish Tri-Star – Double bottom chart pattern