Condizioni di trading
Strumenti
The pair moved down on Tuesday, and tested the 21-day EMA at 1.3770 (black dotted line), then rolled back up, closing the daily candle at 1.3781. Today, the price may move down. News is expected at 14:00 UTC (dollar), and 15:00 UTC (pound).
Trend analysis (Fig. 1).
The market may continue to move down from the level of 1.3781 (closing of Tuesday's daily candle) with the target at 1.3745 - the 50.0% retracement level (yellow dashed line). In the case of testing this level, an upward pullback is possible with the target of 1.3790 - the 50.0% retracement level (blue dashed line).
Fig. 1 (Daily chart)
Comprehensive analysis:
- Indicator analysis - down;
- Fibonacci levels - down;
- Volumes - down;
- Candlestick analysis - down;
- Trend analysis - down;
- Weekly chart - down;
- Bollinger lines - down.
General conclusion:
Today, the price may continue to move down from the level of 1.3781 (closing of Tuesday's daily candle) with the target at 1.3745 - the 50.0% retracement level (yellow dashed line). In the case of testing this level, an upward pullback is possible with the target of 1.3790 - the 50.0% retracement level (blue dashed line).
Alternative scenario: from the level of 1.3781 (closing of Tuesday's daily candle), the price may move down with the target at 1.3745 - the 50.0% retracement level (yellow dashed line). In the case of testing this level, the downward movement may continue with the target of 1.3711 - the 61.8% retracement level (yellow dashed line).
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.