For Traders

Analytical Reviews

Trading plan

21.05.201812:00 Forex Analysis & Reviews: Trading signals for today - May 21 (#CAT)

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.

At the moment, we are witnessing a confirmation of a tertiary signal in the purchase of Caterpillar shares. The preliminary signal was at the moment of intersection of the oscillator line of the Marlin indicator over the zero line (May 7). The second time, it was the price exit over the blue resistance line of the price indicator of the MACD line. The green arrow on the chart indicates the third signal, confirming the second where the price rebounds from the MACD line up. You can also see that the price has reversed from the red line on the chart - this is a balanced price line. When the price is higher than this line, the points for purchases are selected, when the price under it is on sale.

So, we buy #CAT with a target of 175.26, which is the line of 161.8% Fibonacci reaction of the first growth line in April.

Back to the list

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.