Trend analysis (Figure 1).
On Monday the market, moving upwards, could not overcome the upper fractal 1.1830 (red dotted line) and rolled back down. Today, in anticipation of bad news, the market can move down. Complex analysis will more accurately tell where the price will go.
Fig. 2 (daily chart).
Complex analysis:
- indicator analysis - down;
- Fibonacci levels - up;
- volumes - down;
- candle analysis - down;
- trend analysis - up;
- Bollinger lines - down;
- Weekly schedule - up.
General conclusion.
On Tuesday, the market will move down with the first target of 1.1728 - the bottom fractal.
The material has been provided by InstaForex Company - www.instaforex.com