Trend analysis (Figure 1).
On Monday, the market moved in the side channel in anticipation of Wednesday, when there will be strong news. On Tuesday, the market may move down. The complex analysis will more accurately tell where the price will go.
Fig. 1 (daily chart).
Indicator analysis on the daily schedule (Figure 2).
The system of indicators ADX (Figure 2).
On the last run, the fast line (indicator 5 - white) and the slow line (indicator period 8 - blue) moved down. In this case, the trend should be determined from the indicators of the oscillator type.
The stochastic indicator (period 3/3/4) on the daily chart gives an upward trend (Fig. 2).
The system of indicators RSI (Figure 2).
When working with the daily chart, the following periods are used in the RSI indicator system: 21 (brown), 8 (blue), 13 (yellow), 5 (red).
On the last closed candle.
The calculation of the indicator RSI (5) on the properties gives down.
The calculation of the indicator RSI (8) by properties gives down.
The bottom line: The RSI indicator system gives a downward trend.
The calculation of the indicator CCI on the properties gives up.
The bottom line: The CCI indicator system gives a downward trend.
The result of the indicator analysis: The price will have a downward trend.
Fig. 2 (daily chart).
Complex analysis:
- Indicator analysis - down;
- Fibonacci levels - down (blue dotted line);
- Volumes - upwards;
- Candle analysis - down;
- Trend analysis - up;
- Bollinger lines - up;
- Weekly schedule - down.
General conclusion.
On Tuesday, most likely, the market will move up, with the first target of 1.2356, a pullback level of 50.0% (a blue dotted line), after which a bottom is possible.
