empty
 
 
25.11.2020 08:21 AM
Indicator Analysis. Daily review for the EUR/USD currency pair 11/25/20

Trend Analysis (Fig. 1).

Today, the market will try to continue going up from the level of 1.1890 (closing of yesterday's daily candle) in order to reach the upper fractal of 1.1920 (daily candle from 09.11.2020). After reaching this level, there will be a work going up with the goal of 1.1978 at the upper border of the Bollinger line indicator (black dotted line).

This image is no longer relevant

Figure 1 (daily chart).

Complex Analysis:

  • Indicator Analysis - up
  • Fibonacci levels - up
  • Volumes - up
  • Candle Analysis - up
  • Trend Analysis - up
  • Bollinger Bands - up
  • Weekly Chart - up

General Conclusion:

Today, the price may continue to go up in order to reach the upper fractal of 1.1920 (daily candle from 09.11.2020). After reaching this level, there will be a work going up with the goal of 1.1978 at the upper border of the Bollinger line indicator (black dotted line).

Unlikely scenario: when moving up and reaching the upper fractal of 1.1920 (daily candle from 09.11.2020), the price may start moving down to the pullback level of 14.6% at 1.1873 (red 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 $1000 more!
    In April we raffle $1000 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