GBP/USD – 1H – SELLThe currency pair British Pound/US Dollar (GBP/USD) moves from the descending trendline down.
A continuation of the downtrend down to the next support at is certain.
Caution: A possible change in the direction of the resistance level at 1.36586 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.
In addition a ‘Matching Low’ candle chart pattern is detected. The candles show ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37116 |
| 2nd High | 1.36711 |
| Next High | 1.36586 |
| Current Price | 1.36413 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.36586 – 1.36711 – 1.37116 – 1.359 – 1.36043 – 1.36042 —
1.36535 – 1.36436 —
60.028738163469 – 54.013687967088 —
– —
1.36586 – 1771009200
Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – – – – – – – – –