GBP/USD – 1H – BUYIn addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.
In addition a ‘Last Engulfing Bottom:’ candle pattern is discovered. The candles show ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33778 |
| 2nd High | 1.33459 |
| Next High | 1.3251 |
| Current Price | 1.32124 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.3251 – 1.33459 – 1.32636 – 1.31812 – 1.31586 – 1.33098 —
1.32306 – 1.32374 —
47.665149360804 – 49.560077733428 —
– —
1.3251 – 1775152800
Trading Signals: FOREX – GBP – GBP/USD – USD – Last Engulfing Bottom: – – – – – – – – –