Bearish bias in GBPUSD
GBPUSD
GBPUSD last printed 1.32444 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved 0.27 %.
History turned up 36 similar trends that did not overlap. 10 closed bullish 20 hours later and 26 closed bearish. 72 % closed lower, a bearish bias strong enough for a note.
The average advance on the bullish closes was 0.21 %. The average decline on the bearish closes was -0.27 %. Across the whole set, the average move 20 hours later was -0.14 %.
36 prior trends is a broad history. The bias describes where price already closed. It does not set the next bar.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| GBPUSD | 1.32444 | 0.27 % | 36 | 10 | 26 | -0.14 % |
This is not financial advice. It is an indicator based on statistics from historical data.