Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Inverted Hammer’ candle pattern is existing. The candles form ‘Inverted Hammer’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37327 |
| 2nd High | 1.3632 |
| Next High | 1.3623 |
| Current Price | 1.35974 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.3623 – 1.3632 – 1.37327 – 1.35081 – 1.35173 – 1.36422 —
1.36221 – 1.36180 —
64.766962315558 – 56.464399164987 —
– —
1.3623 – 1770406200
Trading Signals: FOREX – GBP – GBP/USD – USD – Inverted Hammer – – – – – – – – –