Indicator Analysis. Daily review for the GBP/USD currency pair 2/26/21

Trend Analysis (Fig. 1).

Today, the market will try to continue moving down from the level of 1.4008 (the closing of yesterday's daily candle) with the target of 1.3889-21 average EMA (black thin line). When this line is reached, the price can start moving up with a target of 1.3943 – a pullback level of 85.4% (yellow dotted line).

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Figure 1 (daily chart).

Comprehensive Analysis:

- Indicator Analysis – down

- Fibonacci Levels – down

- Volumes – down

- Candle Analysis – down

- Trend Analysis – down

- Bollinger Bands – down

- Weekly Chart - down

General Conclusion:

Today, the price will try to continue moving down from the level of 1.4008 (the closing of yesterday's daily candle) with the target of 1.3889-21 average EMA (black thin line). When this line is reached, the price can start moving up with a target of 1.3943 – a pullback level of 85.4% (yellow dotted line).

Alternative scenario: from the level of 1.4008 (the close of yesterday's daily candle), the average EMA (the black thin line) will try to continue moving down with the target of 1.3889 – 21. When this line is reached, the price will continue to move down with a target of 1.3815 – a pullback level of 14.6% (red dotted line).

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

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