Also there is a ‘Double bottom chart pattern’ chart formation is detected. The chart forms ‘Double bottom chart pattern’. which is a positive signal. The pair is likely to go up.
Also there is a ‘Latter Bottom’ candle pattern is detected. The candles show ‘Latter Bottom’. 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 likelyhood of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.346000000 |
| Next High | 3.991000000 |
| Current Price | 3.843000000 |
| Next Low | 3.323000000 |
| 2nd Low | 3.308000000 |
| 3rd Low | 3.274000000 |
3.448000000 – 3.390000000 – 3.665000000 – 3.323000000 – 3.308000000 – 3.313000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Latter Bottom – Double bottom chart pattern