REDATOR Ben Graham Posted October 23, 2025 REDATOR Report Share Posted October 23, 2025 Trend Analysis (Fig. 1)On Thursday, the market may continue moving down from the 1.1609 level (the closing price of yesterday's daily candle) toward the target of 1.1556 – a historical support level (blue dotted line). When testing this level, the price may rebound upward toward 1.1576 – the lower fractal (daily candle of October 22, 2025). Fig. 1 (Daily Chart)Comprehensive Analysis:Indicator analysis – downwardFibonacci levels – downwardVolumes – downwardCandlestick analysis – downwardTrend analysis – downwardBollinger Bands – downwardWeekly chart – downwardOverall conclusion: downward trend.Alternative ScenarioOn Thursday, the market may continue moving down from the 1.1609 level (the closing price of yesterday's daily candle) toward the 1.1593 level – the 61.8% retracement level (blue dotted line). Upon testing this level, the price may rebound upward toward 1.1609 – a historical resistance level (light blue dotted line).The material has been provided by InstaForex Company - www.instaforex.com Visitante_d9bd0a92, Visitante_40417492 and Visitante_03af6427 1 2 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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