There is also a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles show ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
There is also a ‘Double top chart pattern’ chart formation is detected. The chart picture forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
There is also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Support & Resistance | Price Range* |
---|---|
3rd High | 91.31600 |
2nd High | 91.10100 |
Next High | 90.36800 |
Current Price | 88.50800 |
Next Low | 86.64500 |
2nd Low | 86.04000 |
3rd Low |
90.36800 – 91.10100 – 91.31600 – 88.90600 – 89.75500 – 86.64500
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Belt Hold