Indicator analysis. Daily review for the currency pair GBP / USD for November 16, 2018
November 16, 2018 2:24 pm
The price on Thursday, after the UK government approved a plan to leave the EU, made a rally down by testing the support line of 1.2749 (red bold line). There is no strong calendar news on Friday. Most likely, the bulls will once again try to resume the upward movement.Trend analysis (Fig. 1).On Friday, the price will move up, with the first goal of the rolling level of 23.6% – 1.2829 (blue dashed line).
Fig. 1 (daily schedule).Comprehensive analysis:- Indicator analysis – up;- Fibonacci levels – up;- Volumes – up;- Candlestick analysis – up;- Trend analysis – up;- Bollinger lines – up;- weekly schedule – up.General conclusion:On Friday, the price will move up, with the first goal of the rolling level of 23.6% – 1.2829 (blue dashed line).
The material has been provided by InstaForex Company – www.instaforex.com
The price on Thursday, after the UK government approved a plan to leave the EU, made a rally down by testing the support line of 1.2749 (red bold line). There is no strong calendar news on Friday. Most likely, the bulls will once again try to resume the upward movement.Trend analysis (Fig. 1).On Friday, the price will move up, with the first goal of the rolling level of 23.6% – 1.2829 (blue dashed line).
Fig. 1 (daily schedule).Comprehensive analysis:- Indicator analysis – up;- Fibonacci levels – up;- Volumes – up;- Candlestick analysis – up;- Trend analysis – up;- Bollinger lines – up;- weekly schedule – up.General conclusion:On Friday, the price will move up, with the first goal of the rolling level of 23.6% – 1.2829 (blue dashed line).
The material has been provided by InstaForex Company – www.instaforex.com
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