Online source for the latest forex and trading news. Stay informed with up-to-date market trends, expert analysis, and insightful articles to help you make smart trading decisions

Wednesday, March 13, 2019

Indicator analysis. Daily review for March 13, 2019 for the pair GBP / USD

Trend analysis (Fig. 1).

On Wednesday, there is a high probability of an upward movement. The first upper target of 1.3155 is the pullback level of 50.0% (yellow dotted line), with an attempt to break this level.

IdepJ7A_0jiCVpSu09SqAPRePObZecFKnKhvi3pi

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger lines - up;

- weekly schedule - up.

General conclusion:

On Wednesday, there is a high probability of an upward movement. The first upper target of 1.3155 is the pullback level of 50.0% (yellow dotted line), with an attempt to break this level.

The material has been provided by InstaForex Company - www.instaforex.com

No comments: