Furthermore a ‘Matching Low’ candle pattern is discovered. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 158.42200 |
Current Price | 157.77400 |
Next Low | 157.37200 |
2nd Low | 156.23700 |
3rd Low | 156.01700 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Matching Low