Indicator analysis. Daily review for May 22, 2018 for the EUR/USD pair
May 22, 2018 8:22 am
Rendering analysis (Figure 1).
On Monday, traders continued to work in the side channel. On Tuesday, the market, with a high probability, can continue to move down. The line of support of the rising channel (1.671) is very close and the market will strive there. Complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
– Indicator analysis – up;
– Fibonacci levels – down;
– volumes – upwards;
– candlestick analysis – up;
– trend analysis – down;
– Bollinger lines – up;
– Weekly schedule – down.
General conclusion.
On Tuesday, the market will move down, with the first target of 1.1671 – the support line (white line).
The material has been provided by InstaForex Company – www.instaforex.com
Rendering analysis (Figure 1).
On Monday, traders continued to work in the side channel. On Tuesday, the market, with a high probability, can continue to move down. The line of support of the rising channel (1.671) is very close and the market will strive there. Complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
– Indicator analysis – up;
– Fibonacci levels – down;
– volumes – upwards;
– candlestick analysis – up;
– trend analysis – down;
– Bollinger lines – up;
– Weekly schedule – down.
General conclusion.
On Tuesday, the market will move down, with the first target of 1.1671 – the support line (white line).
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: