MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Indicator analysis. Daily review on EUR / USD for September 23, 2020

The pair traded downward on Tuesday testing 1.1690 - a 38.2% pullback level (red dotted line). Today, the price may continue to move down. As per the economic calendar, euro news is expected at 07:30 UTC, and dollar news is expected at 14:00 and 14:30 UTC.

Trend analysis (Fig. 1).

The market may move downward from the level of 1.1710 (closing of yesterday's daily candlestick) with the target at the support level 1.1676 (black bold line). If this line is tested, the downward trend may continue with the next target of 1.1590 - a 50% pullback level (red dashed line).

analytics5f6aeaf86e0a1.jpg

Figure: 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - up;

- Trend analysis - down;

- Bollinger lines - down;

- Weekly chart - down.

General conclusion:

Today, the price may move downward with the target at the support level 1.1676 (black bold line). If this line is tested, the downward trend may continue with the next target at 1.1590 - a 50% pullback level (red dashed line).

Another possible scenario: from the support level 1.1676 (black bold line), the price may begin to move upward with the target of 1.1823 - a 61.8% pullback level (blue dashed line).

The material has been provided by InstaForex Company - www.instaforex.com