Also there is a ‘Double bottom chart pattern’ chart layout is existing. The chart forms ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Bullish Engulfing’ candle pattern is found. The chart forms ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.95904 |
| Next Low | 0.94416 |
| 2nd Low | 0.92611 |
| 3rd Low | 0.92573 |
0.95896 – 0.93203 – 0.93236 – 0.94416 – 0.92611 – 0.92573 —
0.95145 – 0.95925 —
54.33921345099 – 64.375363781218 —
– —
0.95896 – 1769659200
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bullish Engulfing – Double bottom chart pattern – – – – – – – –