Trading Conditions
Products
Tools
Trend analysis (Fig. 1).
On Monday, the market from the level of 1.3733 (closing of last Friday's daily candle) may continue to move up with the target of 1.3834 - the upper limit of the Bollinger Line indicator (black dotted line). When testing this line, it may continue to work up with the target of 1.3944 - the 85.4% retracement level (yellow dotted line).
Figure 1 (Daily Chart).
Comprehensive analysis:
General conclusion:
Today, the price may start moving up with the target of 1.3834 - the upper limit of the Bollinger Line indicator (black dotted line). When testing this line, it may continue to work up with the target of 1.3944 - the 85.4% retracement level (yellow dotted line).
Unlikely scenario: from the level of 1.3733 (closing of last Friday's daily candle), the price may start moving down with the target of 1.3581 support line (red bold line). When testing this line, it is possible to move upwards with the target of 1.3757 - the upper fractal (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.