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Technical Analysis
Technical Analysis GBPUSD : 2020-10-08
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[QUOTE="IFC Markets, post: 186362, member: 18359"] [SIZE=6][B]Recommendation for GBP/USD: Buy[/B][/SIZE] Buy Stop : Above 1.301 Stop Loss : Below 1.266 [TABLE] [TR] [TD]Indicator[/TD] [TD]Value[/TD] [TD]Signal[/TD] [/TR] [TR] [TD]RSI[/TD] [TD][/TD] [TD]Buy[/TD] [/TR] [TR] [TD]MACD[/TD] [TD][/TD] [TD]Buy[/TD] [/TR] [TR] [TD]MA(200)[/TD] [TD][/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]Fractals[/TD] [TD][/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]Parabolic SAR[/TD] [TD][/TD] [TD]Buy[/TD] [/TR] [TR] [TD]Bollinger Bands[/TD] [TD][/TD] [TD]Neutral[/TD] [/TR] [/TABLE] [SIZE=6][B]Chart Analysis[/B][/SIZE] [IMG alt="IFC Markets Tech Analysis"]https://ifccd.net/uploads/image/tanalysis/new/6cc076786091f68b4a4155de00a41b6c0849b181.png[/IMG] On the daily timeframe, [B] GBPUSD: D1 [/B] tested the uptrend support line for the third time and is trying to move upwards. A number of technical analysis indicators formed signals for further growth. We do not exclude a bullish move if [B] GBPUSD [/B] rises above the last upper fractal: 1.301. This level can be used as an entry point. We can place a stop loss below the 200-day moving average line, the Parabolic signal and the last lower fractal: 1.266. After opening a pending order, we move the stop loss to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the four-hour chart and set a stop loss, moving it in the direction of the bias. If the price meets the stop loss (1.266) without activating the order (1.301), it is recommended to delete the order:some internal changes in the market have not been taken into account. [SIZE=6][B]Fundamental Analysis[/B][/SIZE] Brexit negotiations could be extended.Will the GBPUSD quotes grow? [/QUOTE]
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