EUR/CAD – 30M – BUYAlso there is a ‘Tweezers Bottom’ chart pattern is discovered. The candles form ‘Tweezers Bottom’. 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 chance of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
Also there is a ‘Double top chart pattern’ chart pattern is existing. The chart shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.59602 |
| 2nd High | 1.59508 |
| Next High | 1.57983 |
| Current Price | 1.57372 |
| Next Low | 1.57124 |
| 2nd Low | 1.56987 |
| 3rd Low | 1.56875 |
1.57983 – 1.57481 – 1.57904 – 1.57124 – 1.56987 – 1.56875
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Tweezers Bottom