Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Buy |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Sell | Sell | Sell |
Alligator (13; 8; 5) | Sell | Neutral | Buy |
SAR (0.02; 0.2) | Sell | Buy | Sell |
Aggregate | ⇘ | ⇘ | ⇒ |
Not so long ago a review of the daily timeframe of the EUR/GBP pair was done. It was discovered that the pair trades in a massive scale triangle pattern. That pattern is still active, although a false breakout occurred last week. That reversal point revealed the location of a wide channel down pattern, which is located in the borders of the triangle.
Meanwhile, in regards to the shorter term moves, the pair, after the mentioned reversal of direction, is approaching the support line of the triangle line, which on Monday was already located above the 0.88 mark.