GBR.IDX/GBP 4H Chart: Could continue to edge higher - Trade Pattern Ideas - Dukascopy Bank
Tue, 17 Sep 2019 06:14:38 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Neutral
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇒
⇗
⇘
The UK 100 index has been appreciating in a junior ascending channel pattern since the end of August. The pair has appreciated about 4.4% in value during this period.
Everything being equal, The GBR.IDX/GBP pair would most likely continue to appreciate in the junior ascending channel during the following trading sessions. Bullish traders might aim for the upper boundary of the channel pattern at 7510.65.
On the contrary, given that the exchange rate is trading near the bottom border of the ascending channel, a breakout might occur during the following trading sessions.
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