EURUSD Bullish Harami Hourly Chart
Resistance: 1.2899 moderate/1.2961 strong/1.2995 moderate
Support: 1.2865 minor/1.2803 minor
We have a low level bullish reversal, Bullish Harami in EURUSD charts. Market is generally bearish while the pattern is just under a moderate resistance at 1.2899. Consider buys on on a close above 1.2899 for a push to 1.2961 break of which suggests a reversal for 1.2995. Stops should be placed below the patterns low.
NZDUSD Bullish Engulfing Hourly Chart
Resistance: 0.8229 moderate/0.8279 minor/0.8315 minor
Support: 0.8193 strong/0.8143 moderate/0.8106 minor
We have a medium credibility pattern Bullish Engulfing in Hourly charts. Though ideally this needs a confirmation before trading, with prices just above a strong support consider buys off 0.8193, the Pivot Point. Stop losses can be placed just under the said price or alternatively the pattern low if beneath the Pivot Point.
AUDUSD Bullish Engulfing Hourly Chart
Resistance: 1.0358 strong/1.0384 moderate/1.0423 minor
Support: 1.0319 moderate/1.0293 minor/1.0255 minor
Market bias for AUDUSD is bearish with prices under a strong resistance at 1.0358. Hourly candlesticks however have a mid level reversal pattern, Bullish Engulfing. Look for a close above the Pivot Point, 1.0358, for a run to 1.0384 with stop losses just below the patterns low. Break of 1.0384 could lead to a market rally for 1.0423.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices