09.05.201909:04 Forex Analysis & Reviews: Indicator analysis. Daily review on May 9, 2019 for the pair EUR / USD

Long-term review

Trend analysis (Fig. 1).

Today, before the news, there is an upward movement, with the aim of 1.1213 - 21 average EMA (black thin line). After working out the news, it is possible to continue the upward movement with the target of 1.1240 resistance line (red bold line).

Exchange Rates 09.05.2019 analysis

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis is neutral;

- trend analysis - up;

- Bollinger lines - down;

- weekly schedule - up.

General conclusion:

Today, before the news, there is an upward movement, with the aim of 1.1213 - 21 average EMA (black thin line). After working out the news, it is possible to continue the upward movement with the target of 1.1240 resistance line (red bold line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Stefan Doll,
Analytical expert
InstaForex Group © 2007-2021
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