GBP/USD – 30M – SELLThe combination British Pound/US Dollar (GBP/USD) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 1.34914 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.35674 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
Besides a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36809 |
| 2nd High | 1.36712 |
| Next High | 1.35674 |
| Current Price | 1.34922 |
| Next Low | 1.34914 |
| 2nd Low | 1.34913 |
| 3rd Low | 1.34138 |
1.35674 – 1.3548 – 1.35017 – 1.34914 – 1.34913 – 1.35279 —
1.35143 – 1.35163 —
56.009444480439 – 55.571259464362 —
– —
1.35674 – 1767690000
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Down – Double top chart pattern – – – – – – – –