After the movement down the US dollar tested the support level 18,8000. Now there is a possibility for a reversal. We will try to analyze the pair from technical and fundamental sides. On 1D TF there is flat on the market (200-EMA is moving sideways). On balance volume indicator dropped down. On working 4H TF Parabolic SAR and OBV reversed. MACD line broke the...
On 1W TF it's flat. The 200-EMA is moving sideways. The pair tested the support level. The volume is decreasing. ADX line is moving down that means that the tendency to move down is weakening - there is a possibility for the reversal. On working 1D TF the pair touched 200-EMA. The volume dropped. The reversal should be confirmed by the indicators like MACD and...
On 1D TF the pair is approaching 200-EMA. Unfortunately for bulls the volume is getting down. That means that it can be hard to overcome this level. On working 4H TF the trend line is heading up – the local trend is bullish. Parabolic SAR is approaching the price and is getting ready to reverse. ADX indicator started to rise. MACD line is trying to break the...
The pair is approaching the 38,2% Fibo level. 200-EMA is heading down - it means that the trend is bearish. The volume is decreasing. If the pair touches the level 1,0620 - there is the possibility for reversal.
MACD lines are approaching each other. Parabolic SAR is ready to reverse. The pair breaks the level 23,6% Fibo level up. It is possible to open long position if the pair breaks the level 1,1214.
On 4H TF the pair broke the trendline up. MACD line broke the signal line up as well. Parabolic SAR reversed and started moving up. Bulls crossed the 23,6% Fibo level up. The target for the price is 0,68300