empty
 
 
10.04.2020 09:02 AM
Indicator analysis. Daily review for EUR/USD pair on April 10, 2020

Trend analysis (Fig. 1).

On Friday, the market from the level of 1.0931 (yesterday's closing of the daily candlestick) can continue to move up with the target of 1.0958 - a pullback level of 50.0% (red dashed line). If this level is broken up, the upward trend will continue with the target of 1.1003 - a pullback level of 61.8% (red dashed line).

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - neutral;

- trend analysis - up;

- Bollinger lines - down;

- weekly schedule - up.

General conclusion:

Today, the price will try to continue to move up with the target of 1.1003 - a pullback level of 61.8% (red dashed line).

An unlikely scenario: working down from a pullback level of 50.0% - 1.0958 (red dashed line), with a target of 1.0893 - a pullback level of 50.0% (blue dashed 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