Additionally a ‘Double top retreat up’ chart layout is discovered. The chart forms ‘Double top retreat up’. which is a positive signal. The currency pair is likely to go up.
Additionally a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart forms ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.80706 |
| 2nd High | 1.80579 |
| Next High | 1.79771 |
| Current Price | 1.78132 |
| Next Low | 1.78103 |
| 2nd Low | 1.78008 |
| 3rd Low | 1.77411 |
1.79771 – 1.78418 – 1.79344 – 1.78103 – 1.78143 – 1.78008 —
1.78429 – 1.78168 —
33.790672632702 – 33.157998049452 —
– —
1.79771 – 1764088200
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing – Double top retreat up – – – – – – – –