There is also a ‘Bullish Engulfing’ candlestick pattern is detected. The candles show ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.91747 |
2nd High | 0.91641 |
Next High | 0.91378 |
Current Price | 0.90957 |
Next Low | 0.90710 |
2nd Low | 0.90681 |
3rd Low | 0.90494 |
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Engulfing