On H4 the instrument has bounced off 2/8, which makes declining to the support at 0/8 highly possible. The scenario may no longer be valid if the price breaks through 2/8, which may lead to growth up too the resistance line at 4/8.
On M15 the lower line of the VoltyChannel is broken through, which signifies predominance of a descending trend, increasing the possibility of further decline.
On H4 the instrument is consolidating, which suggests high probability of growth to the resistance at 7/8. The scenario may no longer be valid if 5/8 is broken through, which may lead the instrument drop to the support line at 3/8.
On M15 the upper line of the VoltyChannel is broken, which enhances the probability of further 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.