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07.12.202110:12 Forex Analysis & Reviews: Indicator analysis. GBP/USD daily review on December 7, 2021

Trend analysis (Fig. 1)

GBP / USD will try to move up this Monday, from 1.3259 (closing of yesterday's daily candle) to the 23.6% retracement level (yellow dashed line) - 1.3344. Then, it will go further up to 1.3371, which is the 21-day EMA (black thin line).

Exchange Rates 07.12.2021 analysis

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

Conclusion: GBP/USD will rise from 1.3259 (closing of yesterday's daily candle) to the 23.6% retracement level (yellow dashed line) - 1.3344. Upon reaching it, the quote will continue climbing to 1.3371, which is the 21-day EMA (black thin line).

There is a low chance that GBP/USD will move from 1.3259 (closing of yesterday's daily candle) to the 14.6% retracement level (yellow dashed line) - 1.3287, and then go down to 1.3184, which is the lower fractal (yellow dashed line).

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Stefan Doll,
Chuyên gia phân tích của InstaForex
© 2007-2022
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