empty
 
 

Forex Analysis & Reviews: Indicator analysis: Daily review of GBP/USD on September 23, 2022
time 23.09.2022 10:00 AM
time Relevance up to, 24.09.2022 08:39 AM

Trend analysis (Fig. 1).

The pound-dollar pair may move upward from the level of 1.1251 (close of yesterday's daily candle) to the target of 1.1334, the 23.6% retracement level (blue dotted line). After testing this level, continued upward movement is possible with the target of 1.1410, the 38.2% retracement level (blue dotted line). Upon reaching this level, the price may move down.

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis – up;
  • Fibonacci levels – up;
  • Volumes – up;
  • Candlestick analysis – up;
  • Trend analysis – down;
  • Bollinger bands – down;
  • Weekly chart – up.

General conclusion:

Today the price may move upward from the level of 1.1251 (close of yesterday's daily candle) to the target of 1.1334, the 23.6% retracement level (blue dotted line). After testing this level, continued upward movement is possible with the target of 1.1410, the 38.2% retracement level (blue dotted line). Upon reaching this level, the price may move down.

Alternative scenario: from the level of 1.1251 (close of yesterday's daily candle), the price may move downward to 1.1092, the lower border of the Bollinger band indicator (black dotted line), where an upward movement is possible with the target of 1.1210, the lower fractal (blue dotted line). Upon reaching this level, the price may continue to move up.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2023
GBPUSD
Great Britain Pound vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

  • 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 $10000 more!
    In January we raffle $10000 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

Recommended Stories

USDCAD, H4 Bearish breakout opportunity

Today we take a look at USDCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups

Dean Leo 09:58 2023-01-27 UTC+2

Video market update for January 27, 2023

Watch for buying opportunities

Petar Jacimovic 09:31 2023-01-27 UTC+2

EUR/USD analysis for January 27, 2023 - Potential for the upside movement

Technical analysis: EUR/USD has been trading downside and the price is testing the key support zone at the price of 1.0865. There is the chance for the upside rotation. Trading

Petar Jacimovic 09:28 2023-01-27 UTC+2

Analysis for Gold for January 27, 2023 - Potential for the upside movement

Technical analysis: Gold has been trading downside and the price is testing the key support zone at the price of $1.919. There is the chance for the upside rotation. Trading

Petar Jacimovic 09:21 2023-01-27 UTC+2

Indicator analysis: Daily review of GBP/USD on January 27, 2023

The pound-dollar pair may move downward from the level of 1.2407 (closing of yesterday's daily candle) to 1.2357, the 14.6% retracement level (blue dotted line). From here, an upward movement

Stefan Doll 09:12 2023-01-27 UTC+2

Indicator analysis: Daily review of EUR/USD on January 27, 2023

The euro-dollar pair may move downward from the level of 1.0891 (closing of yesterday's daily candle) to 1.0861, the 14.6% retracement level (red dotted line). When testing this level

Stefan Doll 09:02 2023-01-27 UTC+2

Technical Analysis of GBP/USD for January 27, 2023

Technical Market Outlook: The GBP/USD pair bounce was capped at 1.2447 and since then the market keeps moving lower. The bears were able to make a three wave down cycle

Sebastian Seliga 08:27 2023-01-27 UTC+2

Technical Analysis of EUR/USD for January 27, 2023

Technical Market Outlook: The EUR/USD pair has made a new local high at the level of 1.0929 and is only 16 pips away from the 50% Fibonacci retracement level (1.0945)

Sebastian Seliga 08:26 2023-01-27 UTC+2

AUDUSD potential for rise to recent swing high resistance

Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud; an ascending trend line adds confluence

Dean Leo 08:01 2023-01-27 UTC+2

BCHUSD Potential For Bullish Rise to previous swing high

Looking at the Daily chart, my overall bias for BCHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking

Dean Leo 07:58 2023-01-27 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.