AUD/USD – 1H – BUYMoreover a ‘Double bottom chart pattern’ chart layout is discovered. The chart forms ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.
Moreover a ‘Concealing Baby Swallow’ chart pattern is detected. The candles form ‘Concealing Baby Swallow’. which 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 probability of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.71467 |
| Next High | 0.71443 |
| Current Price | 0.71182 |
| Next Low | 0.70727 |
| 2nd Low | 0.70261 |
| 3rd Low | 0.70149 |
0.71162 – 0.70733 – 0.71116 – 0.70727 – 0.70261 – 0.7048 —
0.71283 – 0.71307 —
69.852227496925 – 58.103449166594 —
– —
0.71162 – 1772010000
Trading Signals: FOREX – AUD – AUD/USD – USD – Concealing Baby Swallow – Double bottom chart pattern – – – – – – – –