Euro / Ruble (EUR / RUB) Technical Analysis – multidirectional trend in a narrow level range
D1 (price on the daily timeframe) – state market prices on a daily time frame can be characterized as multidirectional ranked trend against the background of the initial upward movement:
- the price is in the channel between the resistance level 62.14 and the support level of 59.54;
- Ichimoku cloud and ‘reversal’ line Senkou Span A as a virtual boundary between the primary downward and
primary uptrend are significantly lower than the price that makes it unlikely that a reversal in price with the primary uplink to the primary downtrend this week; - Tenkan-sen line is above the Kijun-sen line, indicating a possible continuation of the upward trend in the near future;
- ‘Breakout‘ line Chinkou Span is above the price, and too far away from it for any likelihood of a sharp and rapid breakdown of price support / resistance levels this week.
Trend:
- D1 – multidirectional bullish trend
Related posts
-
EURUSD intraday technical analysis consolidation
EURUSD intraday technical analysis – consolidation or reversal? H4 (the price of the four-hour chart) – yesterday the price of the four-hour timeframe…
-
Technical analysis figures technical figures analysis helps traders see the graphic patterns of price movements and persuade preponderance of probability…
-
Eurodollar short term trends and trading ideas
The euro / dollar (EUR / USD) – short-term trends and trading ideas: in anticipation of the breakdown at the border turning H4 (the price of the…
Forex Trading 