GBP/USD – 1H – BUYNext a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Next a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.35674 |
| Next High | 1.35165 |
| Current Price | 1.34914 |
| Next Low | 1.34913 |
| 2nd Low | 1.34138 |
| 3rd Low | 1.34013 |
1.35165 – 1.35674 – 1.35017 – 1.34913 – 1.34138 – 1.34013 —
1.35165 – 1.35044 —
52.121606710344 – 44.665181368512 —
1.35165 – 1767762000 —
– 1767762000
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –