empty
 
 
03.12.2019 08:11 AM
Indicator analysis: Daily review on December 3, 2019, on GBP/USD currency pair

Trend analysis (Fig. 1).

On Tuesday, the price may continue to move up with the first target 1.2976, the resistance line of the side channel presented in a red bold line. In case of breaking through this level, the continuation of the upward movement to the upper fractal is 1.3013 presented in a blue dashed line.

This image is no longer relevant

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:

On Tuesday, the price may continue to move up with the first target 1.2976, the resistance line of the side channel in a red bold line. In case of breaking through this level, the continuation of the upward movement to the upper fractal is 1.3013, presented in a blue dashed line.

Possible scenario: from the level of 1.2976, work down with the first target of 1.2823 that is the lower fractal.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback