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, April 3, 2019

Indicator analysis. Daily review on April 3, 2019 for the pair GBP / USD

Trend analysis (Fig. 1).

On Wednesday, technical analysis indicates an upward movement.The first upper target of 1.3179 is the pullback level of 50% (yellow dotted line).

MiIfCuOGM1U8YEErhvXsTCEDnoJn59epyyZA7DtC

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 Wednesday, technical analysis indicates an upward movement. The first upper target of 1.3179 is the pullback level of 50% (yellow dotted line).

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

No comments: