Indicator analysis. Daily review for GBP / USD pair on November 14, 2018
November 14, 2018 1:23 pm
On Tuesday, the price moves up, testing the rolling level of 61.8% at 1.3042 (blue dashed line). On Wednesday, a strong calendar news is expected at 8.30 and 12.30 London time. There will most likely be a downward lateral movement.
Trend analysis (Fig. 1).
On Wednesday, the price will move downwards with the first goal at the rolling level of 50.0% at 1.2938 (blue thin line).
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – down;
– Fibonacci levels – down;
– volumes – down;
– candlestick analysis – up;
– trend analysis – down;
– Bollinger lines – down;
– weekly chart – down.
General conclusion:
On Wednesday, the price will move downwards with the first goal at the rolling level of 50.0% at 1.2938 (blue thin line).
The material has been provided by InstaForex Company – www.instaforex.com
On Tuesday, the price moves up, testing the rolling level of 61.8% at 1.3042 (blue dashed line). On Wednesday, a strong calendar news is expected at 8.30 and 12.30 London time. There will most likely be a downward lateral movement.
Trend analysis (Fig. 1).
On Wednesday, the price will move downwards with the first goal at the rolling level of 50.0% at 1.2938 (blue thin line).
Fig. 1 (daily schedule).
Comprehensive analysis:
– indicator analysis – down;
– Fibonacci levels – down;
– volumes – down;
– candlestick analysis – up;
– trend analysis – down;
– Bollinger lines – down;
– weekly chart – down.
General conclusion:
On Wednesday, the price will move downwards with the first goal at the rolling level of 50.0% at 1.2938 (blue thin line).
The material has been provided by InstaForex Company – www.instaforex.com
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