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Forex Analysis & Reviews: Indicator Analysis of GBP/USD on March 4, 2024




The GBP/USD currency pair may move upward from the level of 1.2649 (closing of Friday's daily candle) to 1.2680, the 14.6% pullback level (yellow dotted line). Then, from the said level, a continued upward movement is possible to the upper fractal at 1.2708 (yellow dotted line).


Comprehensive analysis: Indicator analysis – up; Fibonacci levels – up; Volumes – up; Candlestick analysis – up; Trend analysis – up; Bollinger bands – up; Weekly chart – up. General conclusion: Today, the price may move upward from the level of 1.2649 (closing of Friday's daily candle) to 1.2680, the 14.6% pullback level (yellow dotted line). Then, from the said level, a continued upward movement is possible to the upper fractal at 1.2708 (yellow dotted line). Alternatively, from the level of 1.2649 (closing of Friday's daily candle), the price may move upward to 1.2680, the 14.6% pullback level (yellow dotted line). Then, a downward movement may occur with a target of 1.2663, the 23.6 % pullback level (yellow dotted line)


Analysis are provided by InstaForex

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[Instaforex Bella]

Forex Analysis & Reviews: Indicator Analysis of EUR/USD on March 5, 2024


Today, the price may move downward from the level of 1.0854 (closing of yesterday's daily candle) to test the historical support level at 1.0836 (blue dotted line). After that, an upward movement is possible to the 38.2% pullback level at 1.0864 (red dotted line), where the price may continue to rise. Alternatively, from the level of 1.0854 (closing of yesterday's daily candle), the price may move downward to test the 76.4% pullback level at 1.0842 (blue dotted line). After that, an upward movement is possible to the 38.2% pullback level at 1.0864 (red dotted line), where the price may continue to rise.



Analysis are provided by InstaForex


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[Instaforex Bella]

Forex Analysis & Reviews: Indicator Analysis of EUR/USD on March 6, 2024



The EUR/USD currency pair may move downward from the level of 1.0855 (closing of yesterday's daily candle) to 1.0842, the 76.4% pullback level (blue dotted line). In the case of testing this level, an upward movement is possible to the upper fractal at 1.0888 (blue dotted line).


Analysis are provided by InstaForex.

Read More https://ifxpr.com/3v0n3TY