Also there is a ‘Double top retreat up’ chart layout is existing. The chart picture shows ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65899 |
| 2nd High | 0.65832 |
| Next High | 0.65831 |
| Current Price | 0.65666 |
| Next Low | 0.65614 |
| 2nd Low | 0.65534 |
| 3rd Low | 0.65225 |
0.65831 – 0.65832 – 0.65899 – 0.65614 – 0.65534 – 0.65225
Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double top retreat up