Analyses et prévisions de marché

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Indicator analysis. Daily review of GBP/USD for September 20, 2021
03:35 2021-09-20 UTC--4

Trend analysis (Fig. 1).

The GBP/USD pair may move downward from the level of 1.3733 (closing of Friday's daily candle) with the target of 1.3679 - the lower fractal (daily candle from 08/27/2021). Upon reaching this level, the price may roll back up with the target of 1.3737 - the resistance line (yellow bold line). When testing this line, further upward movement is possible.

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly chart - down.

General conclusion:

Today, the price may move downward from the level of 1.3733 (closing of Friday's daily candlestick) with the target of 1.3679 - the lower fractal (daily candlestick from 08/27/2021). Upon reaching this level, the price may roll back up with the target of 1.3737 - the resistance line (yellow bold line). When testing this line, further upward movement is possible.

Unlikely scenario: the price may move downward from the level of 1.3733 (closing of Friday's daily candle) with the target at 1.3679 - the lower fractal (daily candle from 08/27/2021). When testing this level, the price may continue to move down with the target at 1.3636 - the lower border of the Bollinger line indicator (black dashed line).

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.