Trading Conditions
Products
Tools
Trend analysis (Fig. 1).
On Wednesday, the price may move up to the upper fractal - 1.2950. From this level, it is possible to continue moving up to the next upper fractal - 1.3013 (blue dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
- Indicator analysis - up;
- Fibonacci levels - up;
- Volumes - up;
- Candlestick analysis - up;
- Trend analysis - up;
- Bollinger Lines - up;
- Weekly schedule - up.
General conclusion:
On Wednesday, the price may continue to move up.
The first upper target is the upper fractal - 1.2950, then in case of breakdown of this level, the movement up to the next upper fractal is 1.3013 (blue dashed line).
An unlikely scenario is to work down to the lower fractal 1.2789.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.