empty
 
 
14.01.2021 08:53 AM
Indicator analysis. Daily review for the EUR/USD currency pair on 14/01/2021

Trend analysis (Figure 1).

Today, from the level of 1.2156 (the closing of yesterday's daily candle), the market can continue to move down with the target of 1.2086 which is the lower limit of the Bollinger Line Indicator (black dotted line). After testing this level, it is possible to continue working up with the target of 1.2102 which is a rollback level of 76.4% (yellow dotted line).

This image is no longer relevant

Figure 1 (daily chart).

Comprehensive analysis:

  • Indicator Analysis – down
  • Fibonacci Levels – down
  • Volumes – down
  • Technical Analysis – down
  • Trend Analysis – down
  • Bollinger Bands – down
  • Weekly Chart – down

General conclusion:

Today, from the level of 1.2156 (the closing of yesterday's daily candle), the market can continue to move down with the target of 1.2073 which is the historical support level (blue dotted line). After testing this level, it is possible to continue working upwards with the target of 1.2102 which is a rollback level of 76.4% (yellow dotted line).

Alternative scenario: From the level of 1.2156 (the closing of yesterday's daily candle), the market may start moving up with the target of 1.2234 which is the historical resistance level (blue dotted line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback