Condiciones de negociación
Products
Herramientas
On Monday, the pair was not able to break the 76.4% pullback level (blue dashed line) for the third time. It went on a downward pullback and managed to broke through the pullback level 23.6% at 1.2572 (red dotted line). Today, the downward movement may continue. Economic calendar news for the pound is expected at 06:00 UTC, and for the dollar at 12:30 UTC.
Trend analysis (Fig. 1).
Today, the downward trend may continue from the level of 1.2555 (closing of yesterday's candle) with the target of 1.2511 - a 38.2% pullback level (red dashed line). From this level, the downward trend may continue with the next target of 1.2461 - a 50% pullback level (red dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - down.
General conclusion:
Today, the price may continue to move downward with the target of 1.2511 - a 38.2% pullback level (red dashed line). From this level, the downward trend may continue with the next target of 1.2461 - a 50% pullback level (red dashed line).
Another possible scenario is an upward trend upon reaching 1.2511 - a 38.2% pullback level (blue dashed line) with a target of 1.2599 - a 61.8% pullback level (blue dashed 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.