For Traders

Analytical Reviews

Technical analysis

29.11.202204:55 Forex Analysis & Reviews: Forecast for EUR/USD on November 29, 2022

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Yesterday, the euro traded in the range of 164 points and closed the day with a decline of 56 points. The upper shadow of the price reached the MACD indicator line on the weekly chart. Then the price returned to the global range, it is marked with green lines.

The usual divergence has formed on the daily chart and now the price is aiming for 1.0205. At the same time, the divergence does not disrupt the formation of a double top.

Oil was down 0.53% yesterday (WTI) and the S&P 500 stock index also down 1.54%. The euro is also losing support from related markets. Yesterday evening, Federal Reserve officials James Bullard and John Williams spoke and said that the US central bank intends to keep policy tight longer than the markets currently anticipate.

On the four-hour chart, the price reached the 1.0470/90 range that I previously mentioned, then it settled under the MACD line and under the upper limit of the 0.9710-1.0360 range. The signal line of the Marlin oscillator has entered the negative territory. We expect the price to reach the nearest target support of 1.0205.

Back to the list

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.