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 EUR/USD, April 29, 2021

Trend analysis (pic. 1).

On Thursday, from the level of 1.2125 (the closing of yesterday's daily candlestick), the pair may continue to move upwards with the target levels of 1.2166- 161.8% (blue dotted line). If it breaks these levels, it may reach 1.2234, which is the historical resistance level (blue dotted line). After hitting this level? It is likely to move downwards.

analytics608a49c6e10fc.jpg

Pic. 1 (daily chart).

Complex analysis:

- indicator analysis- up;

- Fibonacci levels – up;

- volumes – up;

- candlestick analysis – up;

- trend analysis-up;

- Bollinger bands – up;

- weekly chart - up.

Conclusion:

On Thursday, from the level of 1.2125 (the closing of yesterday's daily candlestick), the euro/dollar pair may continue to move upwards to the target levels of 1.2166- 161.8% (blue dotted line). If it breaks these levels, it may reach 1.2234, which is the historical resistance level (blue dotted line).

Alternative scenario: from the level of 1.2125 (the closing of yesterday's daily candlestick), the pair may continue to move upwards to the level of 1.2166 – the target level of 161.8% (blue dotted line). If the pair breaks this level, it may decline to the target level of 1.2083 – the support line (blue bold line). If so, it is likely to move downwards to 1.2080 - a retreatment level of 14.6% (red dotted line). From this level, it may resume the upward movement.

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