Moreover a ‘Hammer’ chart pattern is discovered. The candles show ‘Hammer’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.039540000 |
2nd High | 0.038320000 |
Next High | 0.037300000 |
Current Price | 0.036080000 |
Next Low | 0.034620000 |
2nd Low | 0.034120000 |
3rd Low | 0.034070000 |