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Technical analysis

05.03.201903:23 Forex Analysis & Reviews: Weekly review from March 4 to March 9, 2019 for the GBP / USD pair

Long-term review

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Trend analysis (Fig. 1).

This week, the price will move up with the first target of 1.3406- a rolling 50.0% level (blue dashed line).

Fig. 2 (weekly schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - down;

- monthly schedule - up.

The conclusion from the complex analysis - upward movement.

The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price of the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle (Monday – up) and the absence of the second upper shadow (Friday – up).

In the coming week, the price will move up with the first target of 1.3406 - a sliding level of 50.0% (blue dashed line).

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