empty
 
 
13.09.2021 09:12 AM
Analysis of indicators in GBP/USD. Daily review dated September 13, 2021

Trend analysis (Fig. 1)

GBP / USD may move from 1.3828 (closing of Friday's daily candle) to the 8 EMA (blue thin line) - 1.3807, which will be followed with a rebound towards the upper fractal (yellow dashed line) - 1.3887.

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 - up;

- Bollinger bands - up;

- Weekly chart - up.

General conclusion: Today, GBP/USD may decline from 1.3828 (closing of Friday's daily candle) to the 8 EMA (blue thin line) - 1.3807. Afterwards, it will pull back and move to the upper fractal (yellow dashed line) - 1.3887.

Alternatively, it could immediately drop from 1.3828 (closing of Friday's daily candle) to the 38.2% retracement level (yellow dashed line) - 1.3779, followed by a rebound towards the upper fractal (yellow dashed line) - 1.3887.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $8000 more!
    In March we raffle $8000 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

Can't speak right now?
Ask your question in the chat.
Widget callback