Next a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.65569 |
2nd High | 0.65496 |
Next High | 0.65277 |
Current Price | 0.65099 |
Next Low | 0.64954 |
2nd Low | 0.64882 |
3rd Low | 0.64769 |
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing