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16.09.201910:23 Forex Analysis & Reviews: Technical analysis for the EUR/USD currency pair for the week from September 16 to 21, 2019

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.

This week, the price will try to move up again to overcome the resistance line of 1.1092 (blue bold line).

Exchange Rates 16.09.2019 analysis

Fig. 1 (weekly chart).

Complex analysis:

- Indicator analysis – up;

- Fibonacci levels – up;

- Volumes – up;

- Candle analysis – up;

- Trend analysis – down;

- Bollinger bands – down;

- Monthly chart – up.

The conclusion of the complex analysis is an upward movement.

The overall result of calculating the candle of the EUR/USD currency pair according to the weekly chart: the price of the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candlestick (Monday – up) and the absence of the second upper shadow (Friday – up).

Stefan Doll
Analytical expert of InstaForex
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