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 27, 2019

Indicator analysis. Daily review on March 27, 2019 for the pair GBP / USD

Trend analysis (Fig. 1).

On Wednesday, there is a high probability of a downward movement. The first lower target of 1.3135 is the rolling level of 23.6% (blue dotted line).

WRLeCwTaBgtWAkAiu5iT_sgciuO5Q-MaTVwt2yqI

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis is neutral;

- trend analysis - down;

- Bollinger lines - up;

- weekly schedule - down.

General conclusion:

On Wednesday, there is a high probability of a downward movement. The first lower target of 1.3135 is the rolling level of 23.6% (blue dotted line).

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

No comments: