Indicator analysis. Daily review of EUR/USD for September 20, 2021 | Market Analysis
 

Analyses et prévisions de marché

Les revues analytiques de ForexMart fournissent les dernières informations techniques sur le marché financier. Les revues comprennent des informations sur les tendances du marché boursier, les prévisions financières, les rapports économiques mondiaux, ainsi que sur les actualités politiques affectant le marché.

Disclaimer:  ForexMart ne donne pas de conseils d'investissement. Les analyses fournies ne peuvent pas être interprétées comme une promesse de résultats futurs.

Indicator analysis. Daily review of EUR/USD for September 20, 2021
03:27 2021-09-20 UTC--4

Trend analysis (Fig. 1).

The EUR/USD pair may move downward from the level of 1.1723 (closing of Friday's daily candle) with the target at 1.1706 - the historical support level (blue dotted line). When testing this level, the price may roll back up with the target at 1.1750 - the 14.6% retracement level (yellow dashed line). Upon reaching this level, the upward movement may continue with the target of 1.1767 - the 23.6% retracement level (yellow dashed line).

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - down;

- Trend analysis - up;

- Bollinger lines - down;

- Weekly chart - down.

General conclusion:

Today, the price may move downward from the level of 1.1723 (closing of Friday's daily candle) with the target at 1.1706 - the historical support level (blue dotted line). When testing this level, the price may roll back up with the target at 1.1750 - the 14.6% retracement level (yellow dashed line). Upon reaching this level, the upward movement may continue with the target at 1.1767 - the 23.6% retracement level (yellow dashed line).

Unlikely scenario: the price may move downward from the level of 1.1723 (closing of Friday's daily candle) with the target at 1.1706 - the historical support level (blue dotted line). When testing this level, the price may continue to move down with the target at 1.1676 - the lower border of the Bollinger line indicator (black dashed line), where an upward pullback may form.

Laissez un commentaire

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.