On Tuesday, these are the following strong calendar news:
- 14.00 London time. USD, consumer confidence index CB (Apr). The expected value is 126.0 compared to the previous value of 127.7;
- 14.00 London time. USD, sales of new housing (Mar). The expected value is 625K compared to the previous value of 618K.
Trend analysis (Figure 1).
On Monday, the price worked down. On Tuesday, there is a high probability of the downward movement of the market to stop (touching the lower boundary of the indicator line Bollinger 1.3884). A complex analysis will more accurately determine where the price will go next. .
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - down;
- volumes - upwards;
- candlestick analysis - up;
- trend analysis - down;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion:
On Tuesday, on the GBP / USD pair will move down towards the first target of 1.3880 as the lower limit of the Bollinger line indicator with the possibility to go up later on.
