GBP/USD – 30M – SELLMoreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Moreover a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.
Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.37554 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 1.38337 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38686 |
| 2nd High | 1.38473 |
| Next High | 1.38337 |
| Current Price | 1.37773 |
| Next Low | 1.3742 |
| 2nd Low | 1.36635 |
| 3rd Low | 1.36426 |
1.38337 – 1.38473 – 1.3801 – 1.3742 – 1.37494 – 1.36635 —
1.38000 – 1.38139 —
49.360939650596 – 52.220601492396 —
– —
1.38337 – 1769704200
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –