Trading Conditions
Products
Tools
Trend analysis (Fig. 1).
Today, the market from the level of 1.3781 (closing of yesterday's daily candlestick) will try to continue moving down with the target of 1.3752 - the 85.4% retracement level (red dotted line). Upon reaching this level, the price may start moving upwards with the target of 1.3803 - the 14.6% retracement level (blue dashed line).
Figure 1 (Daily Chart).
Comprehensive analysis:
General conclusion:
Today, the price from the level of 1.3781 (closing of yesterday's daily candlestick) will try to continue moving down with the target of 1.3752 - the 85.4% retracement level (red dotted line). Upon reaching this level, the price may start moving upwards with the target of 1.3803 - the 14.6% retracement level (blue dashed line).
Alternative scenario: from the level of 1.3781 (closing of yesterday's daily candlestick), it will try to continue moving down with the target of 1.3752 - the 85.4% retracement level (red dotted line). Upon reaching this level, the price may continue to move downward with the target at 1.3731 - the lower fractal (blue dotted line). From this level, it may move upward.
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.