Weekly review for the currency pair GBP / USD from October 22 to 27, 2018
October 22, 2018 3:21 pm
Trend analysis (Fig. 1).
On the weekly price chart, it will move up with the target of 1.3258, the upper fractal.
Fig. 2 (weekly schedule).
Comprehensive analysis:
– Indicator analysis – down;
– Fibonacci levels – neutral;
– Volumes – up;
– Candlestick analysis – up;
– Trend analysis – up;
– Bollinger lines – down;
– Monthly schedule – up.
Conclusion of the complex analysis – upward movement.
The total result of the calculation of the candle of the GBP / USD currency pair on a weekly schedule: the price of the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle and the presence of the second upper shadow.
The upper target is 1.3258, the upper fractal.
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
On the weekly price chart, it will move up with the target of 1.3258, the upper fractal.
Fig. 2 (weekly schedule).
Comprehensive analysis:
– Indicator analysis – down;
– Fibonacci levels – neutral;
– Volumes – up;
– Candlestick analysis – up;
– Trend analysis – up;
– Bollinger lines – down;
– Monthly schedule – up.
Conclusion of the complex analysis – upward movement.
The total result of the calculation of the candle of the GBP / USD currency pair on a weekly schedule: the price of the week is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle and the presence of the second upper shadow.
The upper target is 1.3258, the upper fractal.
The material has been provided by InstaForex Company – www.instaforex.com
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