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22.01.2021 10:48 AM
Indicator Analysis. Daily review for the GBP/USD currency pair 01/22/21

Trend Analysis (Fig. 1).

Today, the market will try to start going down from the level of 1.3728 (the closing of yesterday's daily candle) with the target of 1.3624-13 average EMA (yellow thin line). When this line is reached, the price may continue to go down with a target of 1.3588-21 average EMA (black thin line).

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Figure 1 (daily chart).

Comprehensive Analysis:

  • Indicator Analysis – down
  • Fibonacci Levels – down
  • Volumes – down
  • Technical Analysis – down
  • Trend Analysis – up
  • Bollinger Bands – up
  • Weekly Chart – down

General Conclusion:

Today, the price will try to start going down from the level of 1.3728 (the closing of yesterday's daily candle) with the target of 1.3624-13 average EMA (yellow thin line). When this line is reached, the price may continue to go down with a target of 1.3588-21 average EMA (black thin line).

Alternative scenario: from the level of 1.3728 (the closing of yesterday's daily candle), the average EMA (yellow thin line) will try to start going down with the target of 1.3624-13. When this line is reached, the price can start going up with the target of 1.3744 at the upper fractal (daily candle from 01/21/2021).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
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