AUD/USD – 1H – BUYBesides a ‘Double bottom retreat down’ chart formation is found. The chart picture shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.
Besides a ‘Tweezers Top’ candle pattern is discovered. The chart shows ‘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 likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.6727 |
| 2nd High | 0.67093 |
| Next High | 0.67091 |
| Current Price | 0.67089 |
| Next Low | 0.66675 |
| 2nd Low | 0.66668 |
| 3rd Low | 0.66631 |
0.67091 – 0.67093 – 0.6702 – 0.66675 – 0.66948 – 0.66668 —
0.67103 – 0.67148 —
65.057385239174 – 66.907336072269 —
– —
0.67091 – 1768564800
Trading Signals: FOREX – AUD – AUD/USD – USD – Tweezers Top – Double bottom retreat down – – – – – – – –