empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

29.10.202105:05 Forex Analysis & Reviews: Trading plan for EUR/USD on October 29, 2021

Yesterday, important news was released and the EUR/USD pair continued its upward movement. The main support, Weekly Control Zone 1/2 1.1581-1.1573, withstood, so a strong upward impulse became a logical exit from the local accumulation zone.

Now, the pair is testing the weekly control zone, which increases the probability of a downward correction. There is a 75% probability that the main target WCZ 1.1717-1.1700 will be reached. This test is likely to happen next week.

The current main task is to keep the purchase opened when testing the WCZ 1/2. The reduction can also be used to re-purchase the instrument. Favorable prices are within the limits of the Weekly Control Zone 1/4 1.1648-1.1644, which coincides with the level of the market maker last week.

Exchange Rates 29.10.2021 analysis

The daily candlestick on Thursday is an absorption pattern, so the probability of retesting its high is 80%. In addition, there is an incomplete cycle of upward movement, so we get a priority direction for trading for the next 2-3 days.

It is not profitable to sell the instrument right now in the market and it is better to concentrate on trading upwards.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

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

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.