Condizioni di trading
Strumenti
The pair traded upward on Thursday, and tested 1.1842 - the 38.2% retracement level (yellow dotted line), closing the daily candle at 1.1824. Today, the upward movement may continue. News is expected at 09:30 UTC (euro), and 12:30 UTC (dollar).
Trend analysis (Fig. 1).
The market may continue to move upward from the level of 1.1824 (closing of Thursday's daily candle) with the target at 1.1842 - the 38.2% retracement level (yellow dashed line). After testing this level, the upward movement may continue with the next target of 1.1855 - the 50% retracement level (yellow dashed line).
Fig. 1 (Daily chart)
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly chart - up.
General conclusion:
Today, the price may continue to move upward from the level of 1.1824 (closing of Thursday's daily candle) with the target at 1.1842 - the 38.2% retracement level (yellow dashed line). After testing this level, the upward movement may continue with the next target of 1.1855 - the 50% retracement level (yellow dashed line). The upward movement will continue upon testing this level.
Alternative scenario: from the level of 1.1824 (closing of Thursday's daily candle), the price may move downward with the target of 1.1802 - the lower fractal (yellow dashed line). After testing this level, an upward pullback is possible with the target at 1.1842 - the 38.2% 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.