Next a ‘Double top retreat up’ chart layout is discovered. The chart forms ‘Double top retreat up’. which is a positive pattern signal. The currency pair is likely to rise.
Next a ‘%K cross above 0.2’ indicator layout is detected. The indicator is ‘%K cross above 0.2’. this is usually a bullish chart signal. The pair is likely to go up.
Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.
Next a ‘Three Line Strike – Bullish’ chart pattern is found. The candles form ‘Three Line Strike – Bullish’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 105.273 |
| Next High | 105.089 |
| Current Price | 104.71500 |
| Next Low | 104.617 |
| 2nd Low | 104.459 |
| 3rd Low | 104.458 |
105.089 – 105.273 – 104.835 – 104.617 – 104.459 – 104.458 —
104.75800 – 104.67400 —
37.881383537065 – 35.13391960792 —
– —
105.08900 – 1767583800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Line Strike – Bullish – Double top retreat up – – – – – – – –