Indicator analysis. The daily review for May 14, 2018 on the GBP/USD pair.
May 14, 2018 7:23 am
Trend analysis (Figure 1).
On Friday, the price continued to move in the side channel. On Monday, an upward movement is possible. 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 – neutral;
– Trend analysis – down;
– Bollinger lines – up;
– Weekly schedule – up.
General conclusion:
On Monday, perhaps, the upward movement with the first target of 1.3616 – the upper fractal.
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Figure 1).
On Friday, the price continued to move in the side channel. On Monday, an upward movement is possible. 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 – neutral;
– Trend analysis – down;
– Bollinger lines – up;
– Weekly schedule – up.
General conclusion:
On Monday, perhaps, the upward movement with the first target of 1.3616 – the upper fractal.
The material has been provided by InstaForex Company – www.instaforex.com
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