Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Trend-following analysis (picture 1)
This week, from the level of 1.0761 (the closing level of the last weekly candle), the instrument may begin a pullback movement downwards with a target of 1.0746, the Fibonacci level of 38.2% plotted by the red dotted line. When testing this level, the price may continue to move up with a target of 1.0835, the retracement level of 61.8% plotted by the red dotted line.
Picture 1: one-week chart
Complex analysis
Indicator analysis – up
Fibonacci levels – up
Trading volume – up
Candlestick analysis – down
Trend-following analysis – up
Bollinger bands – down
One-month chart – up
The conclusion from the complex analysis is an upward movement.
The result of evaluating the candlestick of the EUR/USD pair on the one-week chart: the price will most likely follow an upward trend during the week. This scenario is realistic due to the presence of the first lower shadow of the weekly white candle (Monday - down) and the absence of the second upper shadow (Friday - up).
This week, from 1.0761 (the close of the last weekly candle), EUR/USD may begin to move downward with a target of 1.0746, the retracement level of 38.2% plotted by the red dotted line. When testing this level, the price may continue to move up with a target of 1.0835, the retracement level of 61.8% plotted by the red dotted line.
An alternative scenario: from the level of 1.0761 (the closing level of the last weekly candle), the instrument can begin a pullback movement downwards with a target of 1.0712, the pullback level of 61.8% plotted by the yellow dotted line. When testing this level, the price may continue to move up with a target of 1.0835, the Fibonacci retracement level of 61.8% plotted by the red dotted line.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
