Next a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
Next a ‘Double top chart pattern’ chart formation is existing. The chart forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.79828 |
2nd High | 1.78691 |
Next High | 1.78170 |
Current Price | 1.77331 |
Next Low | 1.77240 |
2nd Low | 1.76501 |
3rd Low | 1.73686 |
1.78170 – 1.78129 – 1.78691 – 1.77240 – 1.77526 – 1.76501