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13.10.202109:28 Forex Analysis & Reviews: Daily review of EUR/USD, October 13, 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 (pic. 1).

On Wednesday, from the level of 1.1529 (the closing of yesterday's daily candlestick), the pair may start moving up to the target level of 1.1584, the retreatment level of 14.6% (yellow dotted line). After testing this level, the price may reach 1.1618, the retreatment level of 23.6% (yellow dotted line). The future trajectory of the pair will largely depend on the reports that will be released at 21:00 MSK.

Exchange Rates 13.10.2021 analysis

Pic. 1 (daily chart).

Complex analysis:

-indicator analysis– up;

- Fibonacci levels - up;

- trading volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger bands - down;

- weekly chart - up.

Conclusion:

Today, from the level of 1.1529 (the closing of yesterday's daily candlestick) may rise to the target level of 1.1584, the retreatment level of 14.6% (yellow dotted line). When testing this level, the price may reach the target level of 1.1618, the retreatment level of 23.6% (yellow dotted line).

Alternatively, from the level of 1.1529 (the closing of yesterday's daily candlestick), the pair may grow to the target level of 1.1584, the retreatment level of 14.6% (yellow dotted line). When testing this level, the price may decline to the level of 1.1512, the target level of 161.8% (red dotted line).

Stefan Doll
Analytical expert of InstaForex
© 2007-2024

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