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Trend analysis
EUR/USD may continue moving upwards this week, starting from the level of 1.0644 (closing of the last weekly candle) to 1.0786, which is the upper fractal (yellow dotted line). A pullback may occur upon reaching the level.
Fig. 1 (weekly chart)
Comprehensive analysis:
Indicator analysis - uptrend
Fibonacci levels - uptrend
Volumes - uptrend
Candlestick analysis - downtrend
Trend analysis - uptrend
Bollinger bands - uptrend
Monthly chart - uptrend
All this points to an upward movement in EUR/USD.
Conclusion: The pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - up) and a second upper shadow (Friday - down).
So during the week, euro will rise from 1.0644 (closing of the last weekly candle) to the upper fractal at 1.0786 (yellow dotted line), then have a pullback downwards.
Alternatively, the quote could climb from 1.0644 (closing of the last weekly candle) to the upper fractal at 1.0734 (blue dotted line), then bounce down to the 14.6% retracement level at 1.0560 (blue dotted line). Once this level is reached, the pair will continue its movement upwards.
*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।
