Next a ‘Double bottom retreat down’ chart pattern is existing. The chart picture shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to go down.
Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Next a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.94288 |
2nd High | 0.94285 |
Next High | 0.94256 |
Current Price | 0.94200 |
Next Low | 0.93753 |
2nd Low | 0.93618 |
3rd Low | 0.93608 |
0.94057 – 0.94256 – 0.93958 – 0.93753 – 0.93618 – 0.93901
Trading Signals: FOREX – EUR – EUR/CHF – CHF – Three Black Crows