weekly candle

GBP/USD may start moving upward this week, starting from the level of 1.2344 (closing of the last weekly candle) to 1.2499, which is a historical resistance level (blue dashed line). Upon reaching this price, the pair will climb further to 1.2678, which is an upper fractal (red dashed line). Comprehensive analysis: Indicator analysis - upward Fibonacci levels - upward Volumes - upward Candlestick analysis - upward Trend analysis - downward Bollinger bands - upward Monthly chart - upward All these point to an upward movement in GBP/USD. Conclusion: Most likely, the pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - upward) and a second upper shadow (Friday - downward). So during the week, pound will rise from 1.2344 (closing of the last weekly candle) to the historical resistance level at 1.2499 (blue dashed line), and then head to the upper fractal at 1.2678 (red dashed line). Alternatively, the quote could go up from 1.2344 (closing of last week's candle) to the historical resistance level at 1.2499 (blue dashed line), and then turn around and fall down to the 38.2% retracement level at 1.2342 (red dashed line).

Trend analysis EUR/USD may continue moving up this week, starting from the level of 1.0909 (closing of the last weekly candle) to the upper fractal located at 1.1011 (blue dotted line). Upon reaching this price, the pair will resume an upward movement towards the 85.4% retracement level at 1.1028 (red dotted line). Fig. 1 (weekly chart) Comprehensive analysis: Indicator analysis - upward Fibonacci levels - upward Volumes - upward Candlestick analysis - upward Trend analysis - upward Bollinger bands - upward Monthly chart - upward Conclusion: All this points to an upward movement in EUR/USD. Overall conclusion: The pair will most likely have a bullish trend, with a first lower shadow on the weekly white candle (Monday - downward) and no second upper shadow (Friday - upward). So during the week, euro will rise from 1.0909 (closing of the last weekly candle) to the upper fractal at 1.1011 (blue dotted line), and then go further to the 85.4% retracement level at 1.1028 (red dotted line). Alternatively, the quote may climb from 1.0909 (closing of the last weekly candle) to the upper fractal at 1.1011 (blue dotted line), followed by a fall to the 23.6% retracement level at 1.0958 (blue dotted line).

Comprehensive analysis:

Conclusion:

Overall conclusion:

GBP/USD Forecast: Explosive Upward Momentum Predicted, Historic Resistance in Sight!

EUR/USD Trend Analysis: Anticipating an Upward Movement with Key Resistance Levels

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