Indicator analysis. Daily review for March 20, 2019 for the pair GBP / USD

Trend analysis (Fig. 1).

On Wednesday, there is a high probability of continuing the downward movement. The first lower target of 1.3221 is the pullback level of 38.2% (yellow dotted line).

0Zl9i1wIf5wwJ819Y-zle1NYwmeMtsUih5uDaPXH

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger lines - up;

- weekly schedule - down.

General conclusion:

On Wednesday, there is a high probability of continuing the downward movement. The first lower target of 1.3221 is the pullback level of 38.2% (yellow dotted line).

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

Comments