empty
 
 
16.05.2019 08:40 AM
Indicator analysis. Daily review for May 16, 2019 for the EUR / USD pair

On Wednesday, instead of the bottom, the market worked in the side channel (unexpectedly strong news at 17.15 Moscow time corrected the market). The price reached the pullback level of 1.1188 (yellow dotted line), but did not go further down. On Thursday, strong calendar news comes out at 15.30 Moscow time.

Trend analysis (Fig. 1).

Today, the price can roll back up with a target of 1.1221 - a pullback level of 50% (blue dashed line). In the case of a breakthrough, the further upward movement with the target of 1.1232 is the pullback level of 61.8% (blue dashed line).

This image is no longer relevant

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candle analysis - top;

- trend analysis is neutral;

- Bollinger lines - down;

- weekly schedule - up.

General conclusion:

Today, the price can roll back up with a target of 1.1221 - a pullback level of 50% (blue dashed line). In the case of a breakthrough, the further upward movement with the target of 1.1232 is the pullback level of 61.8% (blue dashed 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 $5000 more!
    In November we raffle $5000 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