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Forex Analysis & Reviews: Indicator analysis. Daily review on October 3, 2019 for the GBP / USD currency pair
time 03.10.2019 09:08 AM
time Relevance up to, 01.01.1970 03:00 AM

Long-term review0

Trend analysis (Fig. 1).

On Thursday, the price will move down with the target of 1.2205 - the lower fractal (red dotted line).

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger Lines - down;

- weekly schedule - up.

General conclusion:

On Thursday, the price may begin to move down.

The first lower target of 1.2271 is a pullback level of 50.0% (blue dashed line).

The main target for today is 1.2205, which is the lower fractal (red dashed line).

An unlikely scenario is an upward movement to the upper fractal - 1.2346 (red dashed line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2022
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