EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
An ascent up to the next resistance level at 0.86691 will continue.
Caution: A possible change in the direction of the support level at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.
In addition a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair could go up.
In addition a ‘MACD Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘MACD Hidden Bullish Divergence’. this is usually a bullish chart signal. The pair is likely to go up.
In addition a ‘MACD-Hist Hidden Bullish Divergence’ indicator signal is found. The indicator is ‘MACD-Hist Hidden Bullish Divergence’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 0.868205 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 0.86691 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87156 |
| 2nd High | 0.86707 |
| Next High | 0.86691 |
| Current Price | 0.86686 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.86691 – 0.86707 – 0.86692 – 0.86524 – 0.86495 – 0.86492 —
0.86685 – 0.86652 —
54.421392782405 – 47.556641366824 —
– —
0.86691 – 1769734800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Three White Soldiers – – – – – – – – –