EUR/GBP – 30M – BUYNext a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.
Next a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Next a ‘Double top chart pattern’ chart layout is existing. The chart forms ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.84197 |
| 2nd High | 0.83898 |
| Next High | 0.83847 |
| Current Price | 0.83767 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.83847 – 0.83739 – 0.83898 – 0.83670 – 0.83670 – 0.83503
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji