Moreover a ‘Inverse Head and Shoulder chart pattern’ chart layout is found. The chart forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish chart scenario. The pair is likely to go up.
Moreover a ‘Tweezers Bottom’ candle chart pattern is detected. The chart shows ‘Tweezers Bottom’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6334 |
| 2nd High | 1.63176 |
| Next High | 1.63174 |
| Current Price | 1.62559 |
| Next Low | 1.62507 |
| 2nd Low | 1.62457 |
| 3rd Low | 1.62151 |
1.63174 – 1.62815 – 1.62873 – 1.62674 – 1.62507 – 1.62457 —
1.62506 – 1.62565 —
33.049269498084 – 45.398439476715 —
– —
1.63174 – 1764855000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Tweezers Bottom – Inverse Head and Shoulder chart pattern – – – – – – – –