Condiciones de negociación
Products
Herramientas
Trend analysis
The price from the level of 1.2078 (closing of the last weekly candle) may continue to decline this week to the level of 1.1943 (red dotted line) – a pullback level of 23.6%. Once this level is reached, the upward movement can possibly continue to the target of 1.2349 – the upper fractal (red dotted line).
Figure 1 (weekly chart)
Comprehensive analysis:
A downward movement can be concluded based on comprehensive analysis.
The overall result of the candlestick calculation based on the weekly chart: the price is likely to have a downward trend this week, without an upper shadow in the weekly black candlestick (Monday - down) and without a lower shadow (Friday - down).
The downward target is 1.1943 (red dotted line) – pullback level of 23.6%. After reaching this level, the upward movement is likely to continue towards the target of 1.2349 (red dotted line) – the upper fractal.
An alternative scenario: the price can decline from the level of 1.2078 (closing of the last weekly candle), with the target of 1.1943 (red dotted line) – a pullback level of 23.6%. Upon reaching this level, it is possible to continue the downward movement to the target of 1.1774 (blue dashed line) – the all-time support level.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.