Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
Then a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. 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 Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.70238 |
| 2nd High | 0.70208 |
| Next High | 0.70121 |
| Current Price | 0.69690 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.70121 – 0.70208 – 0.69922 – 0.69858 – 0.69123 – 0.69233 —
0.69871 – 0.69729 —
38.911274869942 – 33.607376776855 —
– —
0.70121 – 1784221200
Trading Signals: FOREX – AUD – AUD/USD – USD – Bearish Engulfing – – – – – – – – –