empty
 
 

Forex Analysis & Reviews: Forecast for EUR/USD on August 5, 2022
time 05.08.2022 05:16 AM
time Relevance up to, 06.08.2022 04:32 AM

After an unsuccessful attempt to overcome technical support at 1.0150 on Wednesday, and the price jumped 77 points on Thursday in order to turn around from the MACD line, having received an impulse push from resistance, to make a subsequent attempt to a solid level of 1.0150. The Marlin Oscillator also did not have enough strength to overcome the zero line on the first attempt, after which it slightly rose and is now turning to a new attack.

This image is no longer relevant

After the price settles below 1.0150, the movement will continue to the target level of 1.0020. An alternative scenario will open after the price settles above 1.0254, that is, above the daily MACD line. The nearest upside target will be the level of 1.0360 (15 June low), from which we still expect a reversal to the medium-term downside.

This image is no longer relevant

The price is formally in an upward position on the four-hour chart, as there is an increase above both indicator lines and Marlin in the upward trend territory, but based on the logic of the daily timeframe, we are waiting for the price to drop below the MACD line, below 1.0212, which will start the development of an attack on technical support for the daily timeframe. At the time of the price transition below 1.0212, the Marlin Oscillator will move into the downward trend zone. Consolidating above 1.0254 will prolong the euro's corrective growth.

Laurie Bailey,
Chuyên gia phân tích của InstaForex
© 2007-2023
EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    THAM GIA CUỘC THI
  • Tiền gửi lần truy cập
    Ký quỹ tài khoản của bạn với $3000 và nhận được $1000 nhiều hơn!
    Trong Tháng 02 chúng tôi xổ $1000 trong chiến dịch Chancy Deposit!
    Có được một cơ hội giành chiến thắng bằng việc ký quỹ $3000 vào một tài khoản giao dịch. Đáp ứng được điều kiện này, bạn trở thành một người tham gia chiến dịch.
    THAM GIA CUỘC THI
  • Giao dịch khôn ngoan, thành công
    Nạp tiền vào tài khoản của bạn với ít nhất $ 500, đăng ký cuộc thi và có cơ hội giành được các thiết bị di động.
    THAM GIA CUỘC THI
  • 100% tiền thưởng
    Cơ hội duy nhất của bạn để nhận 100% tiền thưởng khi gửi tiền
    NHẬN THƯỞNG
  • 55% Tiền thưởng
    Đăng ký tiền thưởng 55% cho mỗi lần gửi tiền của bạn
    NHẬN THƯỞNG
  • 30% tiền thưởng
    Nhận 30% tiền thưởng mỗi khi bạn nạp tiền vào tài khoản của mình
    NHẬN THƯỞNG

Recommended Stories

Forex forecast 02/07/2023 AUD/USD, USD/JPY, EUR/USD and Bitcoin from Sebastian Seliga

Let's take a look at the technical picture of AUD/USD, USD/JPY, EUR/USD and Bitcoin

Sebastian Seliga 11:09 2023-02-07 UTC+2

GBPUSD, H4 Bearish Breakout Opportunity

Today we take a look at GBPUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups

Dean Leo 10:49 2023-02-07 UTC+2

AUDUSD Potential for Bearish Drop to intermediate support

Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, Looking for a sell entry at 0.68455 where

Dean Leo 10:33 2023-02-07 UTC+2

ADAUSD Potential For Bearish Drop to overlap support

Looking at the H4 chart, my overall bias for ADAUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell

Dean Leo 10:31 2023-02-07 UTC+2

EUR/USD and GBP/USD technical analysis on February 7, 2023

EUR/USD Higher time frames In the new weekly session, the pair continued its trajectory from the previous week. As a result, bears closed the day below the key support level

Evangelos Poulakis 09:57 2023-02-07 UTC+2

Video market update for February 07, 2023

Watch for selling opportunities on the rallies on USD/JPY

Petar Jacimovic 09:57 2023-02-07 UTC+2

GBPUSD analsysis for February 07, 2023 - Potential for the upside movement

Technical analysis: GBP/USD has been trading sideways at the price of 1.2020. I found the rejection of the key support zone at the price of 1.2000, whch is good sign

Petar Jacimovic 09:39 2023-02-07 UTC+2

Analysis of Gold for February 07,.2023 - Potential for the brekaout of the triangle

Technical analysis: Gold has been trading sideways in last 24 hours and I see potential for the breakout of the range to the upside. Trading recommendation: Due to the sideways

Petar Jacimovic 09:33 2023-02-07 UTC+2

Technical Analysis of GBP/USD for February 7, 2023

Technical Market Outlook: The GBP/USD pair keeps moving lower as the bears broke through the technical support located at the level of 1.2086 and are below 61% Fibonacci retracement level

Sebastian Seliga 09:08 2023-02-07 UTC+2

Technical Analysis of EUR/USD for February 7, 2023

Technical Market Outlook: The EUR/USD pair had made Tweezer Bottom candlestick pattern on H4 time frame chart, so a potential bounce/reversal is on table now. The bears had broken below

Sebastian Seliga 09:07 2023-02-07 UTC+2
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.