Bearish bias in GBPUSD
GBPUSD
GBPUSD last printed 1.34796 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved 0.51 %.
History turned up 42 similar trends that did not overlap. 14 closed bullish 20 hours later and 28 closed bearish. 67 % closed lower, a bearish bias strong enough for a note.
The average advance on the bullish closes was 0.30 %. The average decline on the bearish closes was -0.24 %. Across the whole set, the average move 20 hours later was -0.06 %.
42 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 | 1.34796 | 0.51 % | 42 | 14 | 28 | -0.06 % |
This is not financial advice. It is an indicator based on statistics from historical data.