There is also a ‘Inverse Head and Shoulder chart pattern’ chart pattern is found. The formation shows ‘Inverse Head and Shoulder chart pattern’. which is a positive pattern signal. The currency pair is likely to rise.
There is also a ‘Three Inside Down’ candle pattern is discovered. The chart forms ‘Three Inside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.62247 |
| Current Price | 1.61957 |
| Next Low | 1.61154 |
| 2nd Low | 1.60796 |
| 3rd Low | 1.60647 |
1.62247 – 1.61528 – 1.61838 – 1.61154 – 1.61242 – 1.61342 — 59.645882127544 – 55.09988666763 — 3.946907087403 – 3.946907087403 – 6.317710283201 – 5.4417186098583
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Inside Down – Inverse Head and Shoulder chart pattern – –