The pair Euro/British Pound (EUR/GBP) goes from the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 0.86354 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.8625 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.
Besides a ‘MACD crosses above signal’ indicator layout is detected. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The pair is likely to go up.
Besides a ‘Three Inside Up’ chart pattern is existing. The chart shows ‘Three Inside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Up’ heading up is 65% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86468 |
| 2nd High | 0.86437 |
| Next High | 0.86354 |
| Current Price | 0.86340 |
| Next Low | 0.8625 |
| 2nd Low | 0.86185 |
| 3rd Low | 0.8614 |
0.86354 – 0.86437 – 0.86335 – 0.8625 – 0.86185 – 0.86239 —
0.86354 – 0.86300 —
60.617644377473 – 46.469824310235 —
0.86354 – 1781260200 —
– 1781260200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three Inside Up – – – – – – – – –