EUR/GBP – 1H – BUYThe combination Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 0.86861 will continue.
Caution: A possible trend reversal in the direction of support at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.
In addition a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87248 |
| 2nd High | 0.86907 |
| Next High | 0.86861 |
| Current Price | 0.86795 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86861 – 0.86907 – 0.86631 – 0.86644 – 0.86437 – 0.87146 —
0.86772 – 0.86791 —
38.382912764916 – 51.7088408787 —
– —
0.86861 – 1767960000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top chart pattern – – – – – – – –