Condiciones de negociación
Products
Herramientas
The pair traded upward on Tuesday and tested 1.1839 - the 50% retracement level (yellow dashed line), then rolled back down, closing the daily candle at 1.1802. Today, the market may move up. News is expected at 14:30 UTC (dollar).
Trend analysis (Fig. 1).
The market may move upward from the level of 1.1802 (closing of yesterday's daily candle) with the target of 1.1823 - the 38.2% retracement level (yellow dashed line). When testing this level, the upward movement may continue with the next target at 1.1839 - the 50% retracement level (yellow dashed line). Upon reaching this level, a downward rollback is possible.
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 move upward from the level of 1.1802 (closing of yesterday's daily candle) with the target of 1.1823 - the 38.2% retracement level (yellow dashed line). When testing this level, the price may continue to move up with the target at 1.1839 - the 50% retracement level (yellow dashed line). Upon reaching this level, a downward rollback is possible.
Alternative scenario: the price may move upward from the level of 1.1802 (closing of yesterday's daily candle) with the target at 1.1811 - the historical resistance level (blue dashed line). When testing this level, the price may begin to move downward with the target at 1.1770 - the lower fractal (yellow dashed line), where an upward pullback may form.
¡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.