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Trend analysis.
This week, the price will move down with the first target of 1.1983 – the lower fractal (blue dotted line) and the final target of 1.1735 – the support line (blue bold line).
Fig. 1 (weekly chart).
Complex analysis:
- Indicator analysis – down;
- Fibonacci levels – down;
- Volumes – down;
-Candle analysis – up;
- Trend analysis – down;
- Bollinger bands – down;
- Monthly schedule – down.
The conclusion from the complex analysis is the downward movement.
The overall result of the calculation of the GBP/ USD candle on the weekly chart: the price in the week is likely to have a downward trend with the presence of the first upper shadow of the weekly black candle (Monday – up) and the absence of the second lower shadow (Friday – down).
This week, the price will move down from the first target of 1.1983 – the lower fractal (blue dotted line).
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
