There is also a ‘Triple bottom chart pattern’ chart pattern is existing. The chart shows ‘Triple bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to go up.
The currency pair Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance at 0.86553 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.86384 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.
There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.8648672 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.86553 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. 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 | 0.86864 |
| 2nd High | 0.86826 |
| Next High | 0.86553 |
| Current Price | 0.86567 |
| Next Low | 0.86384 |
| 2nd Low | 0.8635 |
| 3rd Low | 0.86147 |
0.86553 – 0.86551 – 0.86826 – 0.86384 – 0.864 – 0.86486 — 50.821098509578 – 59.22564414172 — 23.848992266255 – 34.607090918209 – 16.51543978026 – 23.768248907242
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Triple bottom chart pattern – –