empty
 
 

02.04.202008:49 Forex Analysis & Reviews: Indicator analysis. Daily review of GBP/USD on April 2, 2020

The pair continued to move down on Wednesday, once again testing the pullback level of 14.6% - 1.2336 (blue dotted line) and after that, the price went up. Today, the upward movement will continue. Strong calendar news for the pound is expected at 08:30 UTC, and for the dollar at 12:30 UTC.

Trend analysis (Fig. 1).

Today, from the level of 1.2375 (closing of yesterday's candle) the pair may begin to move up with the first target at 1.2518, a retracement level of 61.8% (red dashed line), upon reaching this level, the continuation of the upper work is with the goal of 1.2779, a retracement level of 76.4% (red dashed line).

Exchange Rates 02.04.2020 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger Lines - up;

- Weekly schedule - up.

General conclusion:

Today, it is possible to continue to work up with the first target of 1.2518, a retracement level of 61.8% (red dashed line).

Unlikely scenario: from the upper fractal 1.2485 (blue dashed line), work down with the target of 1.2336, a pullback level of 14.6% (blue dashed line).

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Stefan Doll,
Experto analítico de InstaForex
© 2007-2021
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.