EUR/USD – 30M – BUYBesides a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Besides a ‘Double top chart pattern’ chart layout is found. The chart forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.15469 |
| 2nd High | 1.14395 |
| Next High | 1.13975 |
| Current Price | 1.13346 |
| Next Low | 1.13101 |
| 2nd Low | 1.13077 |
| 3rd Low | 1.12637 |
1.13975 – 1.13943 – 1.13572 – 1.13472 – 1.13101 – 1.13077
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji