Also there is a ‘Double bottom chart pattern’ chart formation is discovered. The chart shows ‘Double bottom chart pattern’. which is a positive pattern signal. The pair is likely to go up.
Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38575 |
| 2nd High | 1.38538 |
| Next High | 1.38418 |
| Current Price | 1.38276 |
| Next Low | 1.37685 |
| 2nd Low | 1.37341 |
| 3rd Low | 1.35665 |
1.38248 – 1.38418 – 1.38538 – 1.37685 – 1.37341 – 1.38258 — 64.338792163309 – 67.223291845185 — 66.413597733711 – 73.969782813975 – 66.990242367013 – 69.228202706956
Trading Signals: FOREX – USD – USD/CAD – CAD – Northern Doji – Double bottom chart pattern – –