See also
Trend Analysis (Fig. 1):
On Friday, the market may continue moving upward from the 1.3412 level (yesterday's daily close), targeting 1.3464 – the 23.6% retracement level (red dashed line). Upon testing this level, a downward movement may follow with a target of 1.3430 – the 85.4% retracement level (yellow dashed line).
Fig. 1 (Daily Chart)
Comprehensive Analysis:
Overall conclusion: bullish trend.
Alternative scenario:The price may start moving upward from the 1.3412 level (yesterday's daily close), targeting 1.3463 – the 8-period EMA (thin red line). Upon testing this line, a downward movement toward 1.3405 – historical support level (blue dashed line), is possible.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
[USDX] – [Monday, September 22, 2025] With the RSI in the Neutral-Bullish area and supported by both EMAs forming a Golden Cross, #USDX is likely to strengthen to its nearest
[Crude Oil] – [Monday, September 22, 2025] Although the RSI is in the Neutral-Bullish area, but with both EMAs crossing in a Death Cross configuration, #CL is likely to weaken
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