Bullish bias in GBPUSD
GBPUSD
GBPUSD last printed 1.32527 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved 0.25 %.
History turned up 18 similar trends that did not overlap. 12 closed bullish 20 hours later and 6 closed bearish. 67 % closed higher, a bullish bias strong enough for a note.
The average advance on the bullish closes was 0.31 %. The average decline on the bearish closes was -0.24 %. Across the whole set, the average move 20 hours later was 0.13 %.
18 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 | 1.32527 | 0.25 % | 18 | 12 | 6 | 0.13 % |
This is not financial advice. It is an indicator based on statistics from historical data.