Next a ‘Hammer’ candlestick chart pattern is discovered. The candles show ‘Hammer’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
Next a ‘Double top chart pattern’ chart layout is detected. The chart picture forms ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 0.65144 |
Next High | 0.64641 |
Current Price | 0.64132 |
Next Low | 0.63652 |
2nd Low | 0.63557 |
3rd Low | 0.63434 |
0.64641 – 0.65144 – 0.64708 – 0.64211 – 0.64375 – 0.64425