Indicator analysis. Daily review on May 10, 2019 for the pair GBP / USD

Posted On 10 May 2019

Trend analysis (Fig. 1).

On Friday, technical analysis demonstrates a downward movement. The first lower target of 1.2942 is the support line (blue bold line).

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – down;

– Fibonacci levels – down;

– volumes – down;

– candlestick analysis is neutral;

– trend analysis – down;

– Bollinger lines – down;

– weekly schedule – down.

General conclusion:

On Friday, technical analysis demonstrates a downward movement. The first lower target of 1.2942 is the support line (blue bold line).

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Source:: Indicator analysis. Daily review on May 10, 2019 for the pair GBP / USD

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