And also a ‘Hammer’ candle pattern is detected. The chart shows ‘Hammer’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.008282000 |
2nd High | 0.007099000 |
Next High | 0.007061000 |
Current Price | 0.006898000 |
Next Low | 0.006835000 |
2nd Low | 0.006715000 |
3rd Low | 0.006520000 |