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Trend-following analysis
This week, from the level of 1.3318 (close of the last weekly candle), the price may start moving down towards 1.3240 – the 14.6% retracement level (red dashed line). Upon reaching this line, the instrument is likely to begin moving up towards 1.3339 – the upper fractal (yellow dashed line).
Figure 1 (weekly chart)
Complex analysis
Indicator analysis – down
Fibonacci levels – down
Trade volume – down
Candlestick analysis – down
Trend-following analysis – down
Bollinger Bands – up
Monthly chart – up
Conclusion from complex analysis: downward movement.
Overall summary of GBP/USD on weekly chart
This week, the price will likely follow a downtrend, due to the absence of the first upper shadow on the weekly black candle (Monday – down) and the presence of the second lower shadow (Friday – up).
This week, from the level of 1.3318 (close of the last weekly candle), the price may start moving down towards 1.3240 – the 14.6% retracement level (red dashed line). Once this level is reached, the instrument is likely to begin moving up towards 1.3339 – the upper fractal (yellow dashed line).
Alternative scenario. From the level of 1.3318 (close of the last weekly candle), the instrument may start moving down towards 1.3240 – the 14.6% retracement level (red dashed line). Upon reaching this line, the price will likely continue moving down towards 1.3179 – the 23.6% retracement level (red dashed line).
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
