4-hour timeframe
Technical data:
Senior channel linear regression: direction - up.
Junior channel linear regression: direction - up.
Moving average (20; smoothed) - up.
SCI: -45.3785
Explanation:
The nearest support levels:
S1 - 1,1353
S2 - 1,1230
S3 - 1,1108
The nearest resistance levels:
R1 - 1,1475
R2 - 1,1597
R3 - 1,1719
Trading recommendations:
Having considered the EUR / USD pair, we conclude that long orders can be applied to the first target at 1.1475 and the second target at 1.1597.
Aside from the technical aspect, traders should also consider the fundamental data and their scheduled releases.
Explanation of illustration:
Senior channel linear regression - blue lines unidirectional movement.
Junior channel linear regression - purple line unidirectional movement.
CCI - blue line in the indicator window.
Moving average (20; smoothed) - blue line on the chart.
Murray levels - multicolored horizontal stripes.
Heiken Ashi - the indicator bars coloring in blue or purple.
