The pair Euro/British Pound (EUR/GBP) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.88283 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.
Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.8865 |
| Next High | 0.88283 |
| Current Price | 0.88087 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.88283 – 0.8865 – 0.8843 – 0.87895 – 0.8792 – 0.88119 —
0.88160 – 0.88175 —
60.768450809255 – 50.566227315449 —
– —
0.88283 – 1763368200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – – – –