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*

Technical analysis for EUR/USD pair for the week of December 28-31, 2020

Trend analysis

The price from the level of 1.2181 (closing of the last weekly candle) may start rising to the pullback level of 85.4% - 1. 2272 (blue dotted line) this week. Upon reaching this level, the upward movement will continue to the next target of 1.2462 (blue dotted line) – the historical resistance level.

analytics5fe988c81dce5.jpg

Figure 1 (weekly chart)

Comprehensive analysis:

  • Indicator analysis - up
  • Fibonacci levels - up
  • Volumes - up
  • Candlestick analysis - up
  • Trend analysis - up
  • Bollinger lines - up
  • Monthly chart - up

An upward movement can be concluded based on comprehensive analysis.

The overall result of the candlestick calculation on the weekly chart: the price is likely to have an upward trend this week, without a lower shadow in the weekly white candlestick (Monday - up) and no upper shadow (Thursday - up).

The first upper target is 1.2272 – a pullback level of 85.4% (blue dotted line). Upon reaching this level, the upward movement is expected to continue to the target of 1.2462 (blue dotted line) – the historical resistance level.

An alternative scenario: the price from the level of 1.2181 (closing of the last weekly candle) will move upwards to the target of 1.2272 – a pullback level of 85.4% (blue dotted line). After reaching this level, it can decline to the target of 1.2033 – a pullback level of 14.6% (red dotted line).

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