empty
 
 

14.01.202210:00 Forex Analysis & Reviews: Indicator analysis. Daily review of GBP/USD on January 14, 2021

Trend analysis (Fig. 1)

The price from the level of 1.3701 (closing of yesterday's daily candlestick) will make an attempt to continue its growth to the target of 1.3747 – the upper fractal (daily candle from 1/13/2022) today. After testing this level, it may start declining to the target of 1.3662 – the pullback level of 14.6% (red dotted line).

Exchange Rates 14.01.2022 analysis

Fig 1 (daily chart)

Comprehensive analysis:

  • Indicator analysis - up
  • Fibonacci levels - up
  • Volumes - up
  • Candlestick analysis - up
  • Trend analysis - up
  • Bollinger lines - up
  • Weekly chart - up

General conclusion:

Today, the price from the level of 1.3701 (closing of yesterday's daily candlestick) will try to further increase to the target of 1.3747 – the upper fractal (daily candle from 1/13/2022). Once this level is tested, the beginning of the decline can be expected to the target of 1.3662 – the pullback level of 14.6% (red dotted line).

Alternatively, the price from the level of 1.3701 (closing of yesterday's daily candlestick) can also attempt to move up to the target of 1.3747 – the upper fractal (daily candle from 1/13/2022) and then rise higher to the target of 1.3800 – the historical resistance level (blue dotted line) after testing it.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.