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Trend analysis (Fig. 1).
On Thursday, the market may start moving down from the level of 1.1979 (closing of yesterday's daily candlestick) to the target at 1.1954 - the historical support level (blue dashed line). After testing this level, it is likely to continue working upwards to the target set at 1.1989 - the upper fractal (blue dashed line). And if this level is reached, it may rise to 1.2066 - the upper border of the Bollinger line indicator (black dashed line).
Figure 1 (Daily Chart).
Comprehensive analysis:
General conclusion:
Today, the market may start moving down from the level of 1.1979 (closing of yesterday's daily candlestick) to the target at 1.1954 - the historical support level (blue dashed line). After testing this level, it is likely to continue working upwards to the target set at 1.1989 - the upper fractal (blue dashed line). Reaching this level will enable it to continue rising.
Alternative scenario: from the level of 1.1979 (closing of yesterday's daily candlestick), the pair may start moving down to the target at 1.1954 - the historical support level (blue dashed line). After testing this level, the downward movement may continue to the target set at 1.1921, the 23.6% retracement level (red dashed line).
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