Indicator analysis. Daily review on November 4, 2019, on the GBP / USD currency pair.

Trading 04 nov 2019 Donner votre avis

Trend analysis (Fig. 1).

On Monday, the price will move up, with the first target 1.3013 - the upper fractal (blue dashed line), if this level is reached, work down, in the pullback with the lower target 1.2859 - the retracement level of 14.6% (blue dashed line).

analytics5dbfc8d25d259.png

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

On Monday, the price may continue to move up.

The upper target 1.3013 is the upper fractal (blue dashed line), if this level is reached, work down, in the rollback with the lower target 1.2859 - the retracement level is 14.6% (blue dashed line).

An unlikely scenario - from level 1.3013, moving up with the target 1.3168 - a pullback level of 50.0% (yellow dashed line).

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

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