In addition a ‘Inverse Head and Shoulder chart pattern’ chart formation is discovered. The chart forms ‘Inverse Head and Shoulder chart pattern’. which is a positive pattern signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.62247 |
| Current Price | 1.61932 |
| Next Low | 1.61154 |
| 2nd Low | 1.60796 |
| 3rd Low | 1.60647 |
1.62247 – 1.61528 – 1.61838 – 1.61154 – 1.61242 – 1.61342 — 52.90795487601 – 54.551193913547 — 20.829243519509 – 30.067864616537 – 17.220669857838 – 22.691442066073
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Inverse Head and Shoulder chart pattern – –