And also a ‘Double top retreat up’ chart layout is found. The chart picture forms ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to go up.
And also a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79759 |
| 2nd High | 1.78991 |
| Next High | 1.78759 |
| Current Price | 1.78369 |
| Next Low | 1.78238 |
| 2nd Low | 1.78112 |
| 3rd Low | 1.7809 |
1.78759 – 1.78991 – 1.78854 – 1.78238 – 1.78522 – 1.78648 — 42.715992375058 – 49.433145410991 — 13.697184743487 – 36.84871169008 – 11.119140378759 – 19.6142173941
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top retreat up – –