Main Quotes Calendar Forum
flag

FX.co ★ Indicator analysis. Daily review of GBP / USD pair on May 11, 2018

parent
Forex Analysis:::2018-05-11T09:07:31

Indicator analysis. Daily review of GBP / USD pair on May 11, 2018

On Friday, there is no expected strong calendar news and the market will work on technical analysis.

Trend analysis (Figure 1).

On Thursday, the price continued to move downward, testing the retracement level of 38.2%. On Friday, an upward movement is possible. A complex analysis will more accurately determine where the price will go next.

Indicator analysis. Daily review of GBP / USD pair on May 11, 2018

Fig. 2 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- Weekly schedule - down.

General conclusion:

On Friday, it is possible to move upward with the first target of 1.3616 on the upper fractal.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...