Indicator analysis. Daily review for June 11, 2018 on the GBP/USD pair.
June 11, 2018 9:22 am
Trend analysis (Figure 1).
On Friday, the price re-tested, but could not overcome 21 average EMA, which means that on Monday, most likely, there may be a downward movement. Complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
– Indicator analysis – up;
– Fibonacci levels – up;
– volumes – upwards;
– candle analysis – down;
– trend analysis – up;
– Bollinger lines – down;
– Weekly schedule – up.
General conclusion:
On Monday, the GBP/USD pair may move up with the first target 1.3479-a recoil level of 23.6% (yellow dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Figure 1).
On Friday, the price re-tested, but could not overcome 21 average EMA, which means that on Monday, most likely, there may be a downward movement. Complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
– Indicator analysis – up;
– Fibonacci levels – up;
– volumes – upwards;
– candle analysis – down;
– trend analysis – up;
– Bollinger lines – down;
– Weekly schedule – up.
General conclusion:
On Monday, the GBP/USD pair may move up with the first target 1.3479-a recoil level of 23.6% (yellow dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
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