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

27.11.202009:34 Forex Analysis & Reviews: Indicator analysis. Daily review for the GBP/USD currency pair 27/11/2020

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.

Trend analysis (Fig. 1).

Today, the market will try to continue moving up from the level of 1.3351 (the closing of yesterday's daily candle) with the goal of 1.3393 which is the historical resistance level (blue dotted line). When this line is reached, the price can continue to move up with the goal of 1.3436 which is the target level of 161.8% (blue dotted line).

Exchange Rates 27.11.2020 analysis

Figure 1 (daily chart)

Complex analysis:

  • Indicator Analysis – up
  • Fibonacci Levels – up
  • Volumes – up
  • Candle Analysis – up
  • Trend Analysis – up
  • Bollinger Bands – up
  • Weekly Chart – up

General conclusion:

Today, from the level of 1.3351 (closing of yesterday's daily candle), the price will try to continue moving up with the goal of 1.3393 which is the historical resistance level (blue dotted line). When this line is reached, the price can continue to move up with the goal of 1.3436 which is the target level of 161.8% (blue dotted line).

Alternative scenario: When moving up and reaching the historical resistance level of 1.3393 (blue dotted line), the price may start moving down with the target of 1.3290 which is a pullback level of 14.6% (red 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