empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

07.05.201808:07 Forex Analysis & Reviews: Weekly review from 7 to 12 May 2018 on the pair EUR / USD

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Trend analysis (Figure 1).

The price is moving downwards, closed below the recession level of 23.6% at 1.2057 on large volumes. This indicates the possibility of continuing the downward movement. The complex analysis will accurately determine the further direction of the price.

Exchange Rates 07.05.2018 analysis

Fig. 2 (weekly chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down (blue dotted line);

- volumes - down;

- candlestick analysis - up;

- trend analysis - down;

- Bollinger lines - down;

- monthly graph - up.

Conclusion on complex analysis - up.

The overall result of the calculation of the EUR/USD currency pair on a weekly chart shows the weekly price would likely move in an upward trend with the presence of the first lower shadow of the weekly white candle and the presence of a second upper shadow.

The initial top target is 1.2064 - the rolling level is 23.6%.

Stefan Doll
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off