Indicator analysis: Daily review of GBP/USD on March 30, 2023
March 30, 2023 9:22 am
Trend analysis (Fig. 1).
The pound-dollar pair may move upward from the level of 1.2309 (closing of yesterday’s daily candle) to 1.2360, the upper fractal (yellow dotted line). When testing this level, the price may continue to move upward with the target of 1.2446, the upper fractal (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;
Fibonacci levels – up;
Volumes – up;
Candlestick analysis – up;
Trend analysis – up;
Bollinger bands – up;
Weekly chart – up.
General conclusion:
Today, the price may move upward from the level of 1.2309 (closing of yesterday’s daily candle) to 1.2360, the upper fractal (yellow dotted line). When testing this level, the price may continue to move upward with the target of 1.2446, the upper fractal (blue dotted line).
Alternatively, the price may move upward from the level of 1.2309 (closing of yesterday’s daily candle) to 1.2360, the upper fractal (yellow dotted line). When testing this level, a downward movement is possible with the target of 1.2279, the 14.6% pullback level (yellow dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
The pound-dollar pair may move upward from the level of 1.2309 (closing of yesterday’s daily candle) to 1.2360, the upper fractal (yellow dotted line). When testing this level, the price may continue to move upward with the target of 1.2446, the upper fractal (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.2309 (closing of yesterday’s daily candle) to 1.2360, the upper fractal (yellow dotted line). When testing this level, the price may continue to move upward with the target of 1.2446, the upper fractal (blue dotted line).
Alternatively, the price may move upward from the level of 1.2309 (closing of yesterday’s daily candle) to 1.2360, the upper fractal (yellow dotted line). When testing this level, a downward movement is possible with the target of 1.2279, the 14.6% pullback level (yellow dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
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