In addition a ‘Double bottom retreat down’ chart pattern is detected. The chart picture shows ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.
In addition a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.65435 |
2nd High | 0.65373 |
Next High | 0.64952 |
Current Price | 0.64903 |
Next Low | 0.63722 |
2nd Low | 0.63562 |
3rd Low | 0.63557 |
0.64952 – 0.65373 – 0.65435 – 0.63722 – 0.64453 – 0.64658
Trading Signals: FOREX – AUD – AUD/USD – USD – Three Outside Down