Also there is a ‘Double bottom chart pattern’ chart formation is existing. The chart picture shows ‘Double bottom chart pattern’. this is a bullish signal. The pair is likely to go up.
Also there is a ‘Bullish Engulfing’ chart pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 4.682000000 |
| 2nd High | 4.673000000 |
| Next High | 4.554000000 |
| Current Price | 4.515000000 |
| Next Low | 4.355000000 |
| 2nd Low | 4.279000000 |
| 3rd Low | 4.165000000 |
4.554000000 – 4.498000000 – 4.539000000 – 4.355000000 – 4.279000000 – 4.381000000
Trading Signals: FOREX – DOT – DOT/USDT – USDT – Bullish Engulfing – Double bottom chart pattern