fxsignals4pips
Short

GBPUSD starts selling off approaches trend-line

FX:GBPUSD   British Pound / U.S. Dollar
There are different variations of spotting a trend change. One way is to use a moving average. This is exactly the case here.The GBPUSD             crosses over the EMA-60 over on the hourly time frame. This is one of my personal favorite exponential moving average setup because the historical price data actually plays off the moving average.

As you can see, the EMA-60 is a very nice dynamic support and resistance level as price constantly bounces off of this moving average setting. Here we have the first indication of a trend change as the price crosses below the moving average with one test already.

Is it safe to be bearish and start selling? Selling is currently not advised as we still have one ascending trend-line test. This trend-line remains quite strong with 5 tests already. This makes it very likely for price to test this trend-line once again
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out