Indicator analysis: Daily review of EUR/USD on April 24, 2023
April 24, 2023 9:24 am
Trend analysis (Fig. 1).
The market may move downward from the level of 1.0985 (closing of Friday’s daily candle) with the target at 1.0943, the 23.6% pullback level (yellow dotted line). When testing this level, the price may move upward with the target at 1.0994, the 14.6% pullback level (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;
Fibonacci levels – down;
Volumes – down;
Candlestick analysis – down;
Trend analysis – up;
Bollinger bands – down;
Weekly chart – down.
General conclusion:
Today, the price may move downward from the level of 1.0985 (closing of Friday’s daily candle) with the target at 1.0943, the 23.6% pullback level (yellow dotted line). When testing this level, the price may move upward with the target at 1.0994, the 14.6% pullback level (yellow dotted line).
Alternatively, the price may move downward from the level of 1.0985 (closing of Friday’s daily candle) with the target at 1.0911, the 76.4% pullback level (red dotted line). When testing this level, the price may move upward with the target at 1.0930, the historical resistance level (blue dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
The market may move downward from the level of 1.0985 (closing of Friday’s daily candle) with the target at 1.0943, the 23.6% pullback level (yellow dotted line). When testing this level, the price may move upward with the target at 1.0994, the 14.6% pullback level (yellow dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move downward from the level of 1.0985 (closing of Friday’s daily candle) with the target at 1.0943, the 23.6% pullback level (yellow dotted line). When testing this level, the price may move upward with the target at 1.0994, the 14.6% pullback level (yellow dotted line).
Alternatively, the price may move downward from the level of 1.0985 (closing of Friday’s daily candle) with the target at 1.0911, the 76.4% pullback level (red dotted line). When testing this level, the price may move upward with the target at 1.0930, the historical resistance level (blue dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
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