empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

29.01.202412:29 विदेशी मुद्रा विश्लेषण और समीक्षा: Technical analysis of EUR/USD for January 29 to February 3

Trend analysis

EUR/USD may continue moving downward this week, from the level of 1.0852 (closing price of the last weekly candle) to the support line at 1.0749 (bold blue line). The pair may rise after testing the line.

Exchange Rates 29.01.2024 analysis

Fig. 1 (weekly chart)

Comprehensive analysis:

Indicator analysis - downward

Fibonacci levels - downward

Volumes - downward

Candlestick analysis - downward

Trend analysis - downward

Bollinger bands - downward

Monthly chart - downward

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 (Monday - downward) and a second lower shadow (Friday - upward).

Therefore, during the week, euro will fall from 1.0852 (closing price of the last weekly candle) to the support line at 1.0749 (bold blue line). The pair will rise upon testing the line.

Alternatively, euro will decline from 1.0852 (closing price of the last weekly candle) to the 50.0% retracement level of 1.0793 (yellow dashed line). It will turn around and move upward after testing the line.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.