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 for the EUR/USD currency pair on February 4, 2021

Trend analysis (Fig. 1).

On Thursday, the market from the level of 1.2011 (the closing of yesterday's daily candle) may continue to move down with the target of 1.1975 - the 50.0% retracement level (the red dotted line). When testing this level, it is possible to continue working downwards with the target of 1.1887 - the support line (white thin line).

analytics601b968a8ce93.jpg

Figure 1 (Daily Chart).

Comprehensive analysis:

  • Indicator analysis - down
  • Fibonacci levels - down
  • Volumes - down
  • Candlestick analysis - down
  • Trend analysis - down
  • Bollinger bands - down
  • Weekly chart - down

General conclusion:

Today, the market from the level of 1.2011 (the closing of yesterday's daily candle) may continue to move down with the target of 1.1975 - the 50.0% retracement level (the red dotted line). When testing this level, it is possible to continue working downwards with the target of 1.1887 - the support line (white thin line).

Alternative scenario: from the level of 1.2011 (the closing of yesterday's daily candle), the price may continue to move down with the target of 1.1975 - the 50.0% retracement level (red dotted line). When testing this level, it is possible to work up with the target of 1.2102 - the 76.4% retracement level (yellow dotted line).

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