EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at is certain.
Caution: A possible change in the direction of resistance at 0.83739 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84197 |
| 2nd High | 0.83898 |
| Next High | 0.83739 |
| Current Price | 0.83726 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.83739 – 0.83898 – 0.84197 – 0.83670 – 0.83503 – 0.83795
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji