Next a ‘Double bottom chart pattern’ chart layout is found. The chart shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The pair is likely to go up.
Next a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. 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 | 1.17871 |
| 2nd High | 1.17422 |
| Next High | 1.172 |
| Current Price | 1.16989 |
| Next Low | 1.16558 |
| 2nd Low | 1.16287 |
| 3rd Low | 1.15736 |
1.1697 – 1.16543 – 1.16425 – 1.16558 – 1.16287 – 1.15736 — 62.590705496761 – 69.759351363024 — 37.105962780099 – 37.247330885766 – 60.98394529013 – 45.232870546201
Trading Signals: FOREX – EUR – EUR/USD – USD – Northern Doji – Double bottom chart pattern – –