Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Indicator analysis. Daily review of EUR / USD pair for October 16, 2018

October 17, 2018 Analytics

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Trend analysis (Fig. 1).

On Tuesday, the market will move up with the first target of 1.15599 at 38.2% (blue dashed line), and it is only possible to continue the upward movement with the subsequent goal of the upper fractal 1.1612 if a breakout occurs on this level.

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Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – up;

– Fibonacci levels – down;

– volumes – down;

– candlestick analysis – down;

– trend analysis – up;

– Bollinger lines – down;

– weekly schedule – up.

General conclusion:

On Tuesday, an upward movement with the first target of 1.1599 is expected with a recoil level of 38.2% (blue dashed line) and a continuation of the uptrend when it breaks through.

The material has been provided by InstaForex Company – www.instaforex.com

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