empty
 
 
16.07.2018 02:18 AM
Weekly review from 16 to 21 July 2018 on the EUR/USD pair

Trend analysis (Figure 1).

Next week, the market may begin to move up, with the first target of 1.1756 - a pullback level of 23.6% (blue dotted line). However, the candlestick analysis gives the bottom job (harami). Let's turn to the indicator analysis.

This image is no longer relevant

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up (blue dotted line);

- volumes - upwards;

- candle analysis - down;

- trend analysis - up;

- Bollinger bands - up;

- monthly graph - up.

The conclusion of the complex analysis is upwards.

The overall result of the calculation of the candles of the EUR/USD currency pair on the weekly chart: the price in the week is likely to have an upward trend with the absence of the first lower shadow of the weekly white candle and the absence of the second upper shadow.

The first upper target is 1.1756-the pull-back level of 23.6% (blue dotted line).

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