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

06.09.202112:17 Forex Analysis & Reviews: Technical analysis of EUR/USD pair from Sept 6-10, 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

The price from the level of 1.1878 (closing of the last weekly candle) may continue to rise with the target of 1.1893 – the pullback level of 38.2% (blue dotted line) after slightly pulling back to the level of 1.1850 – the pullback level of 23.6% (yellow dotted line). After reaching this level, the upward movement may resume with the target of 1.1964 – the pullback level of 50.0% (blue dotted line).

Exchange Rates 06.09.2021 analysis

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 a comprehensive analysis.

The overall result of the candlestick calculation based on the weekly chart: the price will most likely move in an upward trend, both with a lower shadow (Monday - down) and an upper shadow (Friday - down) in the weekly white candlestick.

The first upward target is set at 1.1893 – the pullback level of 38.2% (blue dotted line). After this level is reached, the price may further rise to the target of 1.1964 – the pullback level of 50.0% (blue dotted line).

Alternatively, the price from the level of 1.1789 (closing of the last weekly candle) may start declining with the target of testing the level of 1.1814 – the pullback level of 38.2% (yellow dotted line). After reaching it, the upward movement may continue with a target of 1.1886 – the resistance line (red bold 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