empty
 
 
06.07.2021 10:00 AM
Indicator analysis. Daily review of the EUR/USD pair for July 6, 2021

The euro/dollar pair moved up yesterday, but the outgoing news transferred this trend to a sideways channel. Upon moving up and testing the retracement level of 14.6% - 1.1874 (blue dashed line), the price went down (working out the news). The market closed the daily candlestick at 1.1862. Today, the price may continue to move upward. And as per the economic calendar, news at 9.00 UTC (euro) and 14.00 UTC (dollar).

Trend analysis (Fig. 1).

Today, the market from the level of 1.1862 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.1915 - the 23.6% retracement level (blue dotted line). Once the price tests this level, it may continue to move upward with the target at 1.1982 - the 38.2% retracement level (blue dashed line). And when this level is reached, a rollback downward is possible.

This image is no longer relevant

Figure 1 (Daily Chart).

Comprehensive analysis:

  • Indicator analysis - up;
  • Fibonacci levels - up;
  • Volumes - up;
  • Candlestick analysis - up;
  • Trend analysis - up;
  • Bollinger lines - down;
  • Weekly chart - up.

General conclusion:

Today, the price from the level of 1.1862 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target of 1.1915 - the 23.6% retracement level (blue dotted line). Once the price tests this level, it may continue to move upward with the target at 1.1982 - the 38.2% retracement level (blue dashed line). And when this level is reached, a rollback downward is possible.

Alternative scenario: the price from the level of 1.1862 (closing of yesterday's daily candlestick) will try to continue moving upwards with the target at 1.1913 - 13 EMA (yellow thin line). The price, upon testing the said line, may start working downwards with the target at 1.1811 - the lower fractal (blue dashed line).

Stefan Doll,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback