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 the EUR/USD currency pair for December 28, 2020

Trend analysis (Fig. 1).

Today, the market from the level of 1.2181 (closing of Friday's daily candle), while moving upward, can test the historical resistance level of 1.2234 (blue dotted line) and then continue to move upward with the upper target of 1.2275 - a pullback level of 85.4% (yellow dotted line).

analytics5fe97ce8dfce2.jpg

Figure 1 (Daily Chart).

Comprehensive analysis:

  • Indicator analysis - up;
  • Fibonacci levels - up;
  • Volumes - up;
  • Candlestick analysis - up;
  • Trend analysis - up;
  • Bollinger bands - up;
  • Weekly chart - up.

General conclusion:

Today, the price from the level of 1.2181 (closing of Friday's daily candle), while moving upward, can test the historical level of 1.2234 (blue dotted line) and then continue to move upward with the upper target of 1.2275 - a pullback level of 85.4% (yellow dotted line).

Unlikely scenario: from the level of 1.2181 (closing of Friday's daily candle), while moving upward, it can test the historical level of 1.2234 (blue dotted line) and then start moving down, with the lower target of 1.2178 – a pullback level of 14.6% (red dotted line).

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