11.11.201908:04 Indicator analysis. Daily review on November 11, 2019, on the GBP / USD currency pair.

Long-term review

Trend analysis (Fig. 1).

On Monday, the price will move up, with the first target 1.2827 - pullback level 23.6% (red dashed line), if this level is reached, resume work down, with the lower target 1.2610 - pullback level 38.2% (blue dashed line) .

Exchange Rates 11.11.2019 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger Lines - down;

- Weekly schedule - down.

General conclusion:

On Monday, the price may start to move up.

The upper target 1.2827 is a retracement level of 23.6% (red dashed line), if this level is reached, resume work down, with the lower target 1.2610 - a retracement level of 38.2% (blue dashed line).

An unlikely scenario - immediately moving down with a target of 1.3168 - retracement level of 38.2% (blue dashed line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Uitgevoerd door Stefan Doll,
Analytische expert
InstaForex Group © 2007-2020
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