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21.01.202109:32 Forex Analysis & Reviews: Indicator Analysis. Daily review for the GBP/USD currency pair 01/21/21

Trend Analysis (Fig. 1).

Today, the market may continue to go up from the level of 1.3652 (the closing of yesterday's daily candle) with the target of 1.3717 at the upper fractal (red dotted line). When testing this line, it is possible to continue going up with the target of 1.3826 at the upper limit of the Bollinger line indicator (the black dotted line).

Exchange Rates 21.01.2021 analysis

Figure 1 (daily chart).

Comprehensive Analysis:

  • Indicator Analysis – up
  • Fibonacci Levels – up
  • Volumes – up
  • Technical Analysis – down
  • Trend Analysis – up
  • Bollinger Bands – up
  • Weekly Chart – up

General Conclusion

Today, the price may continue to go up from the level of 1.3652 (the closing of yesterday's daily candle) with the target of 1.3717 at the upper fractal (red dotted line). When testing this line, it is possible to continue going up with the target of 1.3826 at the upper limit of the Bollinger Line indicator (the black dotted line).

Alternative scenario: from the level of 1.3652 (the closing of yesterday's daily candle), it may continue to go up with the target of 1.3717 at the upper fractal (red dotted line). When testing this line, it is possible to go down with a target of 1.3577 - 21 average EMA (black thin line).

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Stefan Doll,
Especialista em análise
do Grupo InstaForex © 2007-2021
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