Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.88176 |
| 2nd High | 0.88012 |
| Next High | 0.87535 |
| Current Price | 0.87396 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.87535 – 0.88012 – 0.88012 – 0.87213 – 0.87383 – 0.87367 —
0.87371 – 0.87405 —
48.411480950813 – 57.22591866752 —
– —
0.87535 – 1764847800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Matching Low – Inverse Head and Shoulder chart pattern – – – – – – – –