Weekly review for EUR / USD pair from 10th to 15th of December 2018
December 10, 2018 8:22 am
While moving up, the price could not reach the 13th average EMA (yellow thin line). The market was waiting for the main news of the week on Friday. There are new jobs but working out the news turned out to be weak, although it came out in accordance with the forecast. An upward movement is possible this week.
Trend analysis (Fig. 1).
When moving up, the first upper target of 1.1510 at 21 middle EMA (black thin line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
– indicator analysis – up;
– Fibonacci levels – neutral;
– volumes – up;
– candlestick analysis is neutral;
– trend analysis – up;
– Bollinger lines – up;
– monthly schedule – up.
Conclusion of the complex analysis – upward movement.
The total result in calculating the EUR / USD currency pair candle on a weekly schedule: the price of the week is likely to have an upward trend with the absence of the first lower shadow for the weekly white candle (Monday is up) and the absence of the second upper shadow (Friday is up). When moving up the first upper target 1.1510 – 21 middle EMA (black thin line).
The material has been provided by InstaForex Company – www.instaforex.com
While moving up, the price could not reach the 13th average EMA (yellow thin line). The market was waiting for the main news of the week on Friday. There are new jobs but working out the news turned out to be weak, although it came out in accordance with the forecast. An upward movement is possible this week.
Trend analysis (Fig. 1).
When moving up, the first upper target of 1.1510 at 21 middle EMA (black thin line).
Fig. 2 (weekly schedule).
Comprehensive analysis:
– indicator analysis – up;
– Fibonacci levels – neutral;
– volumes – up;
– candlestick analysis is neutral;
– trend analysis – up;
– Bollinger lines – up;
– monthly schedule – up.
Conclusion of the complex analysis – upward movement.
The total result in calculating the EUR / USD currency pair candle on a weekly schedule: the price of the week is likely to have an upward trend with the absence of the first lower shadow for the weekly white candle (Monday is up) and the absence of the second upper shadow (Friday is up). When moving up the first upper target 1.1510 – 21 middle EMA (black thin line).
The material has been provided by InstaForex Company – www.instaforex.com
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