AUD/USD – 30M – BUYMoreover a ‘Tweezers Top’ candlestick chart pattern is discovered. The candles show ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
Moreover a ‘Double top chart pattern’ chart pattern is existing. The chart forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.65144 |
| 2nd High | 0.64641 |
| Next High | 0.64327 |
| Current Price | 0.63874 |
| Next Low | 0.63652 |
| 2nd Low | 0.63557 |
| 3rd Low | 0.63434 |
0.64327 – 0.64641 – 0.65144 – 0.64021 – 0.64211 – 0.64375
Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top