empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

13.01.202109:38 Forex Analysis & Reviews: Indicator analysis. Daily review for the EUR/USD currency pair on 13/01/2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Trend analysis (Figure 1).

Today, from the level of 1.2206 (the closing of yesterday's daily candle), the market will try to continue moving up to reach the historical resistance level at 1.2234 (blue dotted line). Upon reaching this level, continue to work up with the target of 1.2274 which is a rollback level of 85.4% (yellow dashed line).

Exchange Rates 13.01.2021 analysis

Figure 1 (daily chart).

Comprehensive analysis:

  • Indicator Analysis – up
  • Fibonacci Levels – up
  • Volumes – up
  • Candle Analysis – up
  • Trend Analysis – up
  • Bollinger Bands – up
  • Weekly Chart – up

General Conclusion:

Today, the price may continue to move up to reach the historical resistance level of 1.2234 (blue dotted line). Upon reaching this level, continue to work up with a target of 1.2274 which is a rollback level of 85.4% (yellow dotted line).

Alternative Scenario: The price will move up and reach the historical resistance level of 1.2234 (blue dotted line). After testing this level, work down with a target of 1.2172 which is a rollback level of 23.6% (red dotted line).

Stefan Doll
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off