Also there is a ‘Falling Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Falling Wedge Chart Pattern’. which is a bullish signal. The currency pair is likely to go up.
The pair Euro/British Pound (EUR/GBP) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 0.85312 will persist.
Caution: A possible trend reversal in the direction of the support zone at 0.85099 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is 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 scenario. The currency pair could go up.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Also there is a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.85472 |
2nd High | 0.85460 |
Next High | 0.85312 |
Current Price | 0.85263 |
Next Low | 0.85099 |
2nd Low | 0.85098 |
3rd Low | 0.84951 |
0.85312 – 0.85191 – 0.85164 – 0.85099 – 0.85098 – 0.84951
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji