Technical analysis for GBP/USD currency pair for the week from August 12 to 17, 2019

Trend analysis.

This week, the price will move up with the first target of 1.2363 – a pullback level of 14.6% (yellow dotted line).

Fig. 1 (weekly chart).

Complex analysis:

– Indicator analysis – down;

– Fibonacci levels – up;

– Volumes – up;

– Candle analysis – up;

– Trend analysis – down;

– Bollinger Bands – up;

– Monthly schedule – down.

The conclusion from the complex analysis is the upward movement.

The overall result of the calculation of the GBP/USD currency pair candle on the weekly chart: the price in 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 presence of the second upper shadow (Friday – down).

This week, the price will move up with the first target of 1.2363 – a pullback level of 14.6% (yellow dotted line).

The material has been provided by InstaForex Company – www.instaforex.com

Rate this post
MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

Leave a Reply

Your email address will not be published. Required fields are marked *