Next a ‘Inverse Head and Shoulder chart pattern’ chart layout is found. The chart shows ‘Inverse Head and Shoulder chart pattern’. which is a bullish signal. The currency pair is likely to go up.
Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Next a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.93445 |
| 2nd High | 0.93223 |
| Next High | 0.93057 |
| Current Price | 0.93014 |
| Next Low | 0.92752 |
| 2nd Low | 0.92653 |
| 3rd Low | 0.92418 |
0.92956 – 0.92925 – 0.93057 – 0.92752 – 0.92653 – 0.92838 —
0.92968 – 0.93088 —
57.927420535092 – 62.528530904434 —
– —
0.92956 – 1767972600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Black Crows – Inverse Head and Shoulder chart pattern – – – – – – – –