On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is testing the support line. In this situation, the quotes are expected to rise above 4/8 (87.50) and reach the resistance at 5/8 (90.62). The scenario can be canceled by a downward breakout of 3/8 (84.38), which could make the quotes drop to the support at 2/8 (81.25).
On M15, a breakout of the upper border of the VoltyChannel indicator will increase the probability of further price growth.
On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI has broken the support line. As a result, we should expect the price to rise to the resistance at 6/8 (4218.8). The scenario can be canceled by a downward breakout of the support at 5/8 (4140.6). In this case, the index could drop to 4/8 (4062.5).
On M15, the upper line of VoltyChannel is broken, which confirms the prevalence of an uptrend and a high probability of further price growth.
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.