EUR/GBP – 1H – BUY

The currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.

An ascent upwards to the next resistance level at 0.86793 is expected.

Caution: A possible counter-trend in the direction of the support line at could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair could go up.

Additionally a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair could go up.

Additionally a ‘MACD Hidden Bullish Divergence’ indicator signal is discovered. The indicator shows ‘MACD Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair could go up.

Additionally a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.86793 – 0.86784 – 0.86729 – 0.86601 – 0.86526 – 0.86565 —
0.86731 – 0.86690 —
47.75130318404 – 49.916915715439 —
– —
0.86793 – 1768528800

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top chart pattern – – – – – – – –