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27.09.202112:15 Forex Analysis & Reviews: Technical analysis of the GBP/USD pair from Sept 27-Oct 2, 2021

Trend analysis

This week, the price from the level of 1.3669 (closing of the last weekly candle) is expected to rise to the target of 1.3729 – the pullback level of 23.6% (yellow dotted line). After reaching this level, it may continue its growth to the target of 1.3828 – the pullback level of 38.2% (yellow dotted line).

Exchange Rates 27.09.2021 analysis

Figure 1 (weekly chart)

Comprehensive analysis:

  • Indicator analysis - up
  • Fibonacci levels - up
  • Volumes - up
  • Candlestick analysis - up
  • Trend analysis - up
  • Bollinger lines - up
  • Monthly chart - up

An upward movement can be concluded based on a comprehensive analysis.

The overall result of the candlestick calculation based on the weekly chart: the price will most likely move in an upward trend, without the first lower shadow (Monday - up) and with the second upper shadow (Friday - down) in the weekly white candlestick.

The price from the level of 1.3669 (closing of the last weekly candle) will increase to the target of 1.3729 – the pullback level of 23.6% (yellow dotted line). Once this level is reached, the upward movement may resume to the target of 1.3828 – the pullback level of 38.2% (yellow dotted line).

As an alternative, the price from the level of 1.3669 (closing of the last weekly candle) may fall to the target of 1.3571 - the lower fractal (yellow dotted line). After testing this line, it may rise to the target of 1.3669 – the pullback level of 14.6% (yellow dotted line).

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Stefan Doll,
انسٹافاریکس کا تجزیاتی ماہر
© 2007-2021
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