Furthermore a ‘Inverse Head and Shoulder chart pattern’ chart layout is existing. The formation shows ‘Inverse Head and Shoulder chart pattern’. this is a bullish signal. The currency pair is likely to go up.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6334 |
| 2nd High | 1.63176 |
| Next High | 1.63174 |
| Current Price | 1.62448 |
| Next Low | 1.62457 |
| 2nd Low | 1.62151 |
| 3rd Low | 1.61948 |
1.63174 – 1.62815 – 1.62873 – 1.62674 – 1.62507 – 1.62457 —
1.62571 – 1.62506 —
32.007874187962 – 33.049269303332 —
– —
1.63174 – 1764855000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –