Trading Conditions
Products
Tools
Trend analysis (Fig. 1).
On Tuesday, the market from the level of 1.2049 (closing of yesterday's daily candle) will try to continue moving up with the target of 1.2102 - the 76.4% retracement level (yellow dotted line). After testing this level, the price can continue to work up with the target of 1.2176 - the resistance level (blue bold line).
Figure 1 (Daily Chart).
Comprehensive analysis:
General conclusion:
Today, the price from the level of 1.2049 (closing of yesterday's daily candle) will try to make an upward movement with the target of 1.2102 - the 76.4% retracement level (yellow dotted line). After testing this level, the price can continue to work up with the target of 1.2176 - the resistance level (blue bold line).
Unlikely scenario: the price from the level of 1.2049 (closing of yesterday's daily candle) will try to move up with the target of 1.2102 - the 76.4% retracement level (yellow dotted line). After testing this level, the price can continue to work downwards with the target of 1.1975 - the 50.0% retracement 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.