Indicator analysis. Daily review for the EUR / USD currency pair for October 31, 2018
October 31, 2018 3:24 pm
Trend analysis (Fig. 1).
On Wednesday, the downward trend is expected to continue with the first goal, the lower fractal of 1.1337 and further down to the support line of 1.1269 (blue thin line).
Fig. 1 (daily schedule).
Comprehensive analysis:
– Indicator analysis – up;
– Fibonacci levels – neutral;
– Volumes – down;
– Candlestick analysis is neutral;
– Trend analysis – down;
– Bollinger lines – down;
– Weekly chart – down.
General conclusion:
On Wednesday, the market will continue to move down, with the first goal, the lower fractal of 1.1337 and further down to the support line of 1.1269 (blue thin line).
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
On Wednesday, the downward trend is expected to continue with the first goal, the lower fractal of 1.1337 and further down to the support line of 1.1269 (blue thin line).
Fig. 1 (daily schedule).
Comprehensive analysis:
– Indicator analysis – up;
– Fibonacci levels – neutral;
– Volumes – down;
– Candlestick analysis is neutral;
– Trend analysis – down;
– Bollinger lines – down;
– Weekly chart – down.
General conclusion:
On Wednesday, the market will continue to move down, with the first goal, the lower fractal of 1.1337 and further down to the support line of 1.1269 (blue thin line).
The material has been provided by InstaForex Company – www.instaforex.com
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