Indicator analysis. Daily review on October 9, 2019 for the GBP / USD currency pair

Trading 09 oct 2019 Donner votre avis

Trend analysis (Fig. 1).

On Wednesday, the price may continue to move down to a pullback level of 61.8% - 1.2195 (red dashed line) again. From this level, it is possible to move up to the pullback level 38.2% - 1.2279 (blue dashed line).

analytics5d9d822a05150.png

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger Lines - down;

- weekly schedule - up.

General conclusion:

On Wednesday, the price may continue to move up.

At the beginning, we have the downward movement to the pullback level of 61.8% - 1.2195 (red dashed line), and then from this level, the upward movement with the target of 1.2279 - the pullback level of 38.2% (blue dashed line) is possible.

An unlikely scenario is from a pullback level of 61.8% - 1.2195 (red dashed line) moving down to the lower boundary of the Bollinger line indicator - 1.2153 (blue dashed line).

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

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /var/www/forex-winner.com/htdocs/wp-content/plugins/seo-facebook-comments/facebook/base_facebook.php on line 1039