In addition a ‘Double top chart pattern’ chart layout is detected. The chart shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
In addition a ‘Bearish Harami’ candlestick chart pattern is discovered. The chart shows ‘Bearish Harami’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 111.469 |
| Next High | 111.298 |
| Current Price | 110.97500 |
| Next Low | 109.63 |
| 2nd Low | 108.8 |
| 3rd Low | 108.369 |
111.298 – 111.469 – 111.209 – 110.984 – 109.63 – 108.8 —
111.27800 – 111.07900 —
53.524236487866 – 38.797577621939 —
– —
111.298 – 1772092800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Harami – Double top chart pattern – – – – – – – –