Trading Conditions
Products
Tools
Trend analysis (Fig. 1).
Today, the market will try to continue moving upward from the level of 1.3242 (closing of yesterday's daily candlestick) in order to reach the resistance line of 1.3309 (white bold line). If this line is tested, further upward movement with the target of 1.3380 is the upper border of the Bollinger line indicator (black dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
General conclusion:
Today, the price will try to continue moving upward from the level of 1.3242 (closing of yesterday's daily candlestick) to reach the resistance line of 1.3309 (white bold line). If this line is tested, further upward movement with the target of 1.3380 is the upper border of the Bollinger line indicator (black dotted line).
Unlikely scenario: the price will try to continue moving upward from the level of 1.3242 (closing of yesterday's daily candlestick) to reach the resistance line of 1.3309 (white bold line). If this line is tested, it will work down to the target of 1.3216 with a 14.6% pullback level (red dotted line).
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.