empty
 
 
24.08.2020 06:06 AM
Forecast for GBP/USD on August 24, 2020

GBP/USD

The pound sterling reformed a technical trading pattern last Friday, which we discussed in the previous review, into a "Sandwich" pattern – four overlapping candles. This pattern hints at a reversal.

This image is no longer relevant

With the price overcoming the nearest level of 1.3026, we expect a further decline to 1.2912 – to the Fibonacci level of 76.4%, which the MACD indicator line is aiming for.

The price divergence with the Marlin oscillator continues to work, the signal line of the oscillator touched the border of the zone of negative values this morning, this is a signal to strengthen the downward trend.

This image is no longer relevant

The price settled under the balance and MACD indicator lines on the four-hour chart, as well as under the Fibonacci level of 50.0%. The Marlin oscillator is in the downward trend zone. The situation is completely descending on this timeframe, we are waiting for the price to settle at 1.3026.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback