weekly analysis

Trend analysis

EUR/USD may pull back this week, falling from 1.1036 (closing price of the last weekly candle) to the 23.6% retracement level of 1.0975 (yellow dotted line). It may go upwards after testing the level.

 

Comprehensive analysis:

Indicator analysis - downward

Fibonacci levels - downward

Volumes - downward

Candlestick analysis - downward

Trend analysis - downward

Bollinger bands - upward Monthly chart - upward

Conclusion: The indicators point to a downward movement in EUR/USD.

Overall conclusion: The pair will have a bearish trend, with no first upper shadow on the weekly black candle (Tuesday - downward) and a second lower shadow (Friday - upward).

Therefore, during the week, euro will decline from 1.1036 (closing price of the last weekly candle) to the 23.6% retracement level of 1.0975 (yellow dotted line), and then go upwards after testing the level.

Alternatively, it could move from 1.1036 (closing price of the last weekly candle) to the 61.8% retracement

Read more
XRPUSD Breaks Resistance: Bulls Eyeing $0.70 in Weekly Analysis

XRPUSD Breaks Resistance: Bulls Eyeing $0.70 in Weekly Analysis

InstaForex Analysis InstaForex Analysis 13.06.2023 14:08
                        Forex Analysis & Reviews: Weekly analysis on XRPUSD for June 13th, 2023   Yellow rectangle- resistance Green lines- Fibonacci extension targets   XRPUSD is trading today around $0.55 above the major resistance area. So far price got rejected twice at the $0.52-$0.55 resistance area we mentioned several times in previous posts. Today price is breaking above the resistance level but it is important for bulls to see at least a weekly close above $0.52 first.   XRPUSD hasn't made a weekly close above $0.52 for a long time and if bulls manage to maintain price above it, it will be the first big step for the next upward wave that could bring price towards $0.70. Bulls need to hold price above the yellow rectangle resistance area. Recapturing $0.55 would be an added sign of strength. Short-term support is at least week's low at $0.47. Bulls do not want to see price break below that level.  
EUR/USD Faces Pressure: Analyzing Rate Differentials and Equities

EUR/USD Weekly Trend Analysis: Anticipating a Pullback and Potential Reversal

InstaForex Analysis InstaForex Analysis 02.01.2024 14:29
Trend analysis EUR/USD may pull back this week, falling from 1.1036 (closing price of the last weekly candle) to the 23.6% retracement level of 1.0975 (yellow dotted line). It may go upwards after testing the level.   Comprehensive analysis: Indicator analysis - downward Fibonacci levels - downward Volumes - downward Candlestick analysis - downward Trend analysis - downward Bollinger bands - upward Monthly chart - upward Conclusion: The indicators point to a downward movement in EUR/USD. Overall conclusion: The pair will have a bearish trend, with no first upper shadow on the weekly black candle (Tuesday - downward) and a second lower shadow (Friday - upward). Therefore, during the week, euro will decline from 1.1036 (closing price of the last weekly candle) to the 23.6% retracement level of 1.0975 (yellow dotted line), and then go upwards after testing the level. Alternatively, it could move from 1.1036 (closing price of the last weekly candle) to the 61.8% retracement level of 1.0959 (red dotted line), and then go upwards after testing the level. Read more: https://www.instaforex.eu/forex_analysis/364727

Wiadomości

currency calculator

Komentarze rynkowe

JingRen
A Breakthrough! Japanese Yen (JPY) Helped By Data, Australian Dollar (AUD) Went Up Post Retail Sales Print
Jing Ren
KamilaSzypuła
ECB Will Continue To Hike Rates To Slow Inflation?
Kamila Szypuła
RebeccaDuthie
Euro To US Dollar Index Falls - Touching Levels Not Seen In 20 Years
Rebecca Duthie
KamilaSzypuła
Interest Rates Hiked. The Most Important Indicators Continue Their Downward Trend
Kamila Szypuła
RebeccaDuthie
Russia Suspends Flow Through The Nord Stream 1 Pipeline, Cotton Futures, Gold Prices Increase For The First Time In 3-weeks
Rebecca Duthie
AlexKuptsikevich
How Have BTC And ETH Performed Recently? Cryptocurrencies: Market Cap Increased Slightly, Telekom And Telefonica "Flirting" With Digital Assets
Alex Kuptsikevich
InstaForexAnalysis
This Week USD May Be Fluctuating! Euro To US Dollar - Technical Analysis And More - 10/10/22
InstaForex Analysis
INGEconomics
US Stocks: S&P 500 And Nasdaq Decreased Slightly Yesterday Losing 0.33% And 0.09% Respectively
ING Economics
AlexKuptsikevich
According to Bloomberg's survey Bitcoin may be trading between $17.6K and $25K
Alex Kuptsikevich
KamilaSzypuła
The Australian Dollar Failed To Hold Its Gains, The Pound Strengthened Against The US Dollar
Kamila Szypuła
FXMAG
Social media
Crypto

© 2020 FXMAG. All Rights Reserved

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
Trading on margin increases the financial risks.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets,
carefully consider your investment objectives, level of experience and risk appetite,
and seek professional advice where needed.

FXMAG would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided bymarket makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.

FXMAG and any provider of the data contained in this websitewill not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify,
transmit or distribute the data contained in this website without the explicit prior written permission of FXMAG and/or the data provider.

All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
FXMAG may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.