EURUSD
On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI has bounced off the support level. Currently, growth above 7/8 (1.0620) is expected, followed by growth to the resistance level of 8/8 (1.0742). The scenario can be cancelled by a breakaway of the support level of 6/8 (1.0498). In this case, the pair may drop to 5/8 (1.0376).
On M15, an additional signal confirming growth will be a breakaway of the upper border of VoltyChannel.
Free Reports:
GBPUSD
On H4, the quotes are also above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI has risen above the resistance level. So, an upward breakaway of 6/8 (1.2207) is expected, followed growth to the resistance level of 7/8 (1.2451). The scenario can be cancelled by a downward breakaway of the support level of 5/8 (1.2207), which might lead to a trend reversal and falling to 4/8 (1.1718).
On M15, a breakaway of the upper border of VoltyChannel will increase the probability of price growth to 7/8 (1.2451) on H4.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
By JustMarkets At the end of Monday, the Dow Jones Index (US30) rose by 0.69%.…
By RoboForex Analytical Department Brent crude oil prices have continued to slip, touching 71.74 USD…
By ForexTime Bitcoin has surged over 17% since Nov. 5th US elections day The world’s oldest…
By JustMarkets On Friday, the Dow Jones (US30) rose by 0.59% to reach 44,000 points…
By RoboForex Analytical Department The AUD/USD pair is navigating the week starting with a steady…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
This website uses cookies.