GBP/USD – 4H – SELLFurthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
Furthermore a ‘Three Outside Down’ chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.35674 |
| Current Price | 1.34643 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.35674 – 1.35302 – 1.35339 – 1.34013 – 1.33113 – 1.33417 —
1.35674 – 1.35049 —
62.749882779598 – 50.001642342973 —
1.35674 – 1767686400 —
– 1767686400
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Down – – – – – – – – –