There is also a ‘Inverse Head and Shoulder chart pattern’ chart formation is existing. The chart forms ‘Inverse Head and Shoulder chart pattern’. which is a bullish signal. The currency pair is likely to go up.
There is also a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.97497 |
| Next High | 0.97443 |
| Current Price | 0.97176 |
| Next Low | 0.97067 |
| 2nd Low | 0.96884 |
| 3rd Low | 0.96636 |
0.97443 – 0.9728 – 0.97422 – 0.97067 – 0.96884 – 0.97233 —
0.97393 – 0.97235 —
59.926496805888 – 42.360809201294 —
– —
0.97443 – 1772175600
Trading Signals: FOREX – AUD – AUD/CAD – CAD – Bearish Engulfing – Inverse Head and Shoulder chart pattern – – – – – – – –