empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

15.09.202110:08 Forex Analysis & Reviews: Indicator analysis. Daily review of GBP/USD for September 15, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The pair traded upward on Tuesday and tested the retracement level of 75.4% at 1.3891 (yellow dotted line), then went down, closing the daily candle at 1.3803. Today, the market may continue its upward movement. News is expected at 14:30 UTC (dollar).

Trend analysis (Fig. 1).

The market may continue to move upward from the level of 1.3803 (closing of yesterday's daily candle) with the target of 1.3891 - the 76.4% retracement level (yellow dashed line). In the case of testing this level, the upward movement may continue with the target of 1.3926 - the 85.4% retracement level (yellow dashed line).

Exchange Rates 15.09.2021 analysis

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Weekly chart - up;

- Bollinger lines - up.

General conclusion:

Today, the price may continue to move upward from the level of 1.3803 (closing of yesterday's daily candle) with the target at 1.3891 - the 76.4% retracement level (yellow dashed line). In the case of testing this level, the price may continue to move upward with the target of 1.3926 - the 85.4% retracement level (yellow dashed line).

Alternative scenario: the price may move upward from the level of 1.3803 (closing of yesterday's daily candle) with the target of 1.3836 - the 61.8% retracement level (yellow dashed line). In the case of testing this level, the price may begin to move down with the target of 1.3800 - the historical support level (blue dotted line).

Stefan Doll
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off