GBP/USD – 4H – BUYAnd also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.
And also a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.30146 |
| Next High | 1.29738 |
| Current Price | 1.29593 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.29738 – 1.30146 – 1.29887 – 1.28708 – 1.28873 – 1.29107
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji