empty
 
 
29.11.2021 09:40 AM
Indicator analysis. GBP/USD daily review on November 29, 2021

Trend analysis (Fig. 1)

GBP/USD is likely to climb on Monday, from 1.3333 (closing of Friday's daily candle) to the 38.2% retracement level (blue dotted line) - 1.3637. Then, it will move further up to 1.3395, the 50.0% retracement level (blue dashed line).

This image is no longer relevant

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - uptrend

Fibonacci levels - uptrend

Volumes - uptrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - uptrend

Weekly chart - uptrend

General conclusion: GBP/USD will rise from 1.3333 (closing of Friday's daily candle) to the 38.2% retracement level (blue dotted line) - 1.3637. Upon reaching it, the quote will continue climbing to 1.3395, which is the 50.0% retracement level (blue dashed line).

There is a low chance that GBP/USD will decline from 1.3333 (closing of Friday's daily candle) to the support line (yellow bold line) at 1.3273, and then bounce back to 1.3311, which is the 14.6% retracement level (blue dashed line).

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 $1000 more!
    In April we raffle $1000 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