Indicator analysis. The daily review for May 14, 2018 on the EUR/USD pair.
May 14, 2018 7:22 am
Trend analysis (Figure 1).
On Friday, the price continued to move upward. On Monday, the upward movement may continue. The first target of 1.1996 is the recession level of 23.6% (red dotted line). Complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
– Indicator analysis – up;
– Fibonacci levels – up;
– Columes – upwards;
– Candlestick analysis – up;
– Trend analysis – down;
– Bollinger lines – up;
– Weekly schedule – down.
General conclusion.
On Monday, the upward movement may continue with the first target of 1.1997 – a recoil level of 23.6% (red dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Figure 1).
On Friday, the price continued to move upward. On Monday, the upward movement may continue. The first target of 1.1996 is the recession level of 23.6% (red dotted line). Complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
– Indicator analysis – up;
– Fibonacci levels – up;
– Columes – upwards;
– Candlestick analysis – up;
– Trend analysis – down;
– Bollinger lines – up;
– Weekly schedule – down.
General conclusion.
On Monday, the upward movement may continue with the first target of 1.1997 – a recoil level of 23.6% (red dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
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