And also a ‘Double top chart pattern’ chart formation is existing. The chart picture forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
And also a ‘Three Inside Down’ candlestick pattern is found. The chart forms ‘Three Inside 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 Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.90275 |
| 2nd High | 0.90032 |
| Next High | 0.89741 |
| Current Price | 0.89460 |
| Next Low | 0.89466 |
| 2nd Low | 0.89061 |
| 3rd Low | 0.88988 |
0.89741 – 0.89690 – 0.90032 – 0.89466 – 0.89501 – 0.89830 — 43.39369658587 – 41.353254189141 — 75.889865061053 – 83.313622796644 – 64.630443363237 – 75.161525733493
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Inside Down – Double top chart pattern – –