empty
 
 
01.10.2021 09:28 AM
Indicator analysis. Daily review of EUR/USD for October 1, 2021

The pair moved down on Thursday and closed the daily candle at 1.1576. Today, the market may roll back up. News is expected at 07:55, 09:00 UTC (euro), and 14:00 UTC (dollar).

Trend analysis (Fig. 1).

The market may move upward from the level of 1.1576 (closing of yesterday's daily candle) with the target of 1.1613 - the 14.6% retracement level (yellow dashed line). After testing this level, the upward movement may continue with the target of 1.1644 - the 23.6% retracement level (yellow dashed line).

This image is no longer relevant

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly chart - up.

General conclusion:

Today, the price may move upward from the level of 1.1576 (closing of yesterday's daily candle) with the target of 1.1613 - the 14.6% retracement level (yellow dashed line). After testing this level, the upward movement may continue with the target of 1.1644 - the 23.6% retracement level (yellow dashed line).

Alternative scenario: from the level of 1.1576 (closing of yesterday's daily candle), the price may move down to 1.1512 - the 161.8% target level (red dashed line). After testing this level, the price may move up to 1.1562 - the lower fractal (yellow dashed line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback