Indicator analysis. Daily review for the EUR / USD currency pair for November 16, 201
November 16, 2018 2:23 pm
Trend analysis (Fig. 1).On Friday, it is possible to continue the upward movement with the first goal of the rolling level of 23.6% – 1.1360 (blue dotted line). The second upper target is 1.1388 – 21 average EMA (black thin line).
Fig. 1 (daily schedule).Comprehensive analysis:- Indicator analysis – up;- Fibonacci levels – up;- Volumes – up;- Candlestick analysis – strongly down;- Trend analysis – up;- Bollinger lines – up;- Weekly schedule – up.General conclusion:On Friday, it is possible to continue the upward movement with the first goal of the rolling level of 23.6% – 1.1360 (blue dashed line). The second upper target is 1.1388 – 21 average EMA (black thin line).
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).On Friday, it is possible to continue the upward movement with the first goal of the rolling level of 23.6% – 1.1360 (blue dotted line). The second upper target is 1.1388 – 21 average EMA (black thin line).
Fig. 1 (daily schedule).Comprehensive analysis:- Indicator analysis – up;- Fibonacci levels – up;- Volumes – up;- Candlestick analysis – strongly down;- Trend analysis – up;- Bollinger lines – up;- Weekly schedule – up.General conclusion:On Friday, it is possible to continue the upward movement with the first goal of the rolling level of 23.6% – 1.1360 (blue dashed line). The second upper target is 1.1388 – 21 average EMA (black thin line).
The material has been provided by InstaForex Company – www.instaforex.com
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