empty
 
 
18.09.2019 08:57 AM
Indicator analysis. Daily review on September 18, 2019 for the EUR / USD currency pair

On Tuesday, the bulls won back all the positions that was lost on Monday, and the price returned to the beginning of the week. Rally down and up took place on small volumes, as if to say that the market has not yet decided on the trend. It is understandable. Today, interest rates in the USA are coming out. On Wednesday, strong calendar news is expected at 9.00 Universal time (Euro), 12.30, 14.30, 18.00, 18.30 Universal time, (dollar). Also on Wednesday, the market may move sideways in anticipation of interest rates.

Trend analysis (Fig. 1).

On Wednesday, up to interest rates, a downward movement is possible with the target 1.1041 - a pullback level of 38.2% (blue dashed line). If the news comes out, according to the forecast - further upward movement.

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - up;

- Bollinger Lines - up;

- weekly schedule - up.

General conclusion:

On Wednesday, a downward movement in the side channel is expected. News at 18.00 Universal time may change the trend to the upward, then the first target with an upward movement of 1.1111 is the upper fractal.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback