Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Indicator analysis. Daily review for the GBP/USD pair on October 29, 2018

October 30, 2018 Analytics

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Trend analysis (Fig. 1).

On Monday, the price will move down with the first goal at the support line of 1.2740 (red thick line).

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Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – down;

– Fibonacci levels – neutral;

– volumes – down;

– candlestick analysis – down;

– trend analysis – down;

– Bollinger lines – down;

– weekly chart – down.

General conclusion:

On Monday, the price will move down with the first goal at the support line of 1.2740 (red thick line). A strong news is expected to be released at 11.30 time.

The material has been provided by InstaForex Company – www.instaforex.com

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