On H4 the instrument is trading above the consolidation range. In the present situation further growth of the price to the resistance at 8/8 may be expected. The scenario may no longer be valid if the pair breaks through 5/8, which may provoke further decline to the support at 3/8.
On M15 the upper line of the VoltyChannel is broken, which increases the probability of further growth of price.
On H4 the instrument is trading in the consolidation range again. Currently, further growth to the upper border of the consolidation range at 5/8 remains possible. The scenario may no longer be valid if the price breaks 3/8, which may provoke another wave of declining with the aim at 0/8.
On M15 the upper line of the VoltyChannel is broken,which enhances the probability of growth; however, a breakthrough of the lower line of the indicator may change the situation abruptly, provoking a decline to 0/8 on H4.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.