Next a ‘Double bottom chart pattern’ chart layout is found. The chart shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
Next a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart forms ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.16243 |
| 2nd High | 1.16145 |
| Next High | 1.16132 |
| Current Price | 1.16024 |
| Next Low | 1.15811 |
| 2nd Low | 1.15762 |
| 3rd Low | 1.15467 |
1.16017 – 1.1601 – 1.16132 – 1.15811 – 1.15762 – 1.15467 —
1.15699 – 1.16032 —
41.575412663014 – 61.185132229352 —
– —
1.16017 – 1764295200
Trading Signals: FOREX – EUR – EUR/USD – USD – Bullish Belt Hold – Double bottom chart pattern – – – – – – – –