Furthermore a ‘Double top chart pattern’ chart layout is detected. The formation shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Falling Window’ candlestick pattern is existing. The candles form ‘Falling Window’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.18098 |
| 2nd High | 1.18096 |
| Next High | 1.17871 |
| Current Price | 1.17079 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.17871 – 1.17851 – 1.18096 – 1.17635 – 1.17170 – 1.17865 — 48.850754190524 – 18.426436735539 — 11.280046068893 – 6.0567802919944 – 27.123955433211 – 14.716416815808
Trading Signals: FOREX – EUR – EUR/USD – USD – Falling Window – Double top chart pattern – –