The chart pattern appears when an index’s short-term 50-day moving average crosses below its longer-term 200-day moving average, and it has at times presaged further near-term weakness.

For chart-focused analysts, the pattern is a signal that an asset may be setting up for a significant slide lower. Show Conversation (0) Partner Center. Most Popular.

Learn how to read a candlestick chart and spot candlestick patterns that aid in analyzing price direction, previous price movements, and trader sentiments.

From xm.com. video GBPUSD had been trending higher within an upward sloping channel, posting a fresh four-month peak of 1.2826 in late December. Nevertheless, the rally seems to have taken a breather, ...