empty
 
 
19.04.2021 06:05 AM
Forecast for GBP/USD on April 19, 2021

GBP/USD

The pound traded in a wide range of 128 points last Friday, covering the trading range of the previous two days. This is a sign of a downward reversal. The Marlin oscillator on the daily chart has barely entered the growth zone and shows an intention to return to the negative zone. In this case, the history of the previous two false exits of the oscillator will be repeated, after which sharp price reductions took place. These places are marked with gray ovals. The target of the movement is 1.3625.

This image is no longer relevant

The price aims to fall under the MACD indicator line (1.3780) on the four-hour chart. Going under it will confirm the development of the downward movement. And by this moment, the Marlin oscillator will go into negative territory, the price transition below 1.3780 will also become a signal to open short positions.

This image is no longer relevant

Laurie Bailey,
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