And also a ‘Head and Shoulder chart pattern’ chart layout is found. The chart picture shows ‘Head and Shoulder chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
And also a ‘Tweezers Top’ candle pattern is detected. The candles show ‘Tweezers Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 106.711 |
| Next High | 106.018 |
| Current Price | 105.77500 |
| Next Low | 105.582 |
| 2nd Low | 105.463 |
| 3rd Low | 105.175 |
106.018 – 106.711 – 106.693 – 105.582 – 106.171 – 105.943 —
105.90900 – 105.89000 —
46.765929570986 – 48.171808396093 —
– —
106.01800 – 1768431600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – Head and Shoulder chart pattern – – – – – – – –