18.08.2022 05:28 AM
Forecast for EUR/USD on August 18, 2022

The euro rose by 11 points yesterday, the upper shadow of the daily candle did not reach the MACD line by 3 points (up to 1.0206), today this line slightly dropped to the price of 1.0202.

This image is no longer relevant

The price may work out the line, it may exit slightly above it with the upper shadow, it may go down immediately, but in general, we are waiting for the price to go under 1.0150 and further move towards the target level of 1.0020.

This image is no longer relevant

The signal line of the Marlin Oscillator also did not reach the zero line on the four-hour chart, so there is a possibility that the pattern of the synchronous reversal of the price and the oscillator from their resistances will end. In general, the corrective growth of the last 9-11 candles can be considered complete.

Laurie Bailey,
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 always strives to help you
    fulfill your biggest dreams.
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 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.
  • 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.
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account

Recommended Stories

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