There is also a ‘Double top chart pattern’ chart pattern is detected. The chart picture shows ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.
There is also a ‘Three Inside Down’ candle pattern is detected. The candles show ‘Three Inside Down’. which is a bearish pattern 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’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.79759 |
| 2nd High | 1.78991 |
| Next High | 1.78759 |
| Current Price | 1.78210 |
| Next Low | 1.78112 |
| 2nd Low | 1.7809 |
| 3rd Low | 1.77282 |
1.78759 – 1.78991 – 1.78854 – 1.78238 – 1.78522 – 1.78648 — 46.225053387266 – 43.97933047858 — 57.266726690874 – 63.086589104498 – 55.458829242577 – 59.850457229482
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Three Inside Down – Double top chart pattern – –