For Traders

Analytical Reviews

Technical analysis

15.11.201815:14 Forex Analysis & Reviews: Indicator analysis. Daily review of GBP / USD pair for November 15, 2018

Long-term review

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.

On Wednesday, the price moves in the side channel retested the rollback level of 61.8% at 1.3042 (blue dashed line) but again could not stay above. On Thursday, strong calendar news comes out at 8.30, 12.30 and 3.30 London time. Most likely, the bulls will once again try to resume the upward movement.

Trend analysis (Fig. 1).

On Thursday, the price will move upward with the first goal of the sliding level of 61.8% at1.3042 (blue dashed line).

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - up;

- weekly schedule - up.

General conclusion:

On Thursday, the price will move upward with the first goal of the sliding level of 61.8% at1.3042 (blue dashed line). When you break through the level, the upward movement continues.

Back to the list

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.