Indicator analysis: Daily review of EUR/USD on April 25, 2023
April 25, 2023 8:23 am
Trend analysis (Fig. 1).
The market may move upward from the level of 1.1045 (closing of yesterday’s daily candle) with the target at 1.1075, the upper fractal (yellow dotted line). When testing this level, a continued upward movement is possible with the target at 1.1111, the upper limit of the Bollinger band indicator (black dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – up;
Volumes – up;
Candlestick analysis – up;
Trend analysis – up;
Bollinger bands – up;
Weekly chart – up.
General conclusion:
Today, the price may move upward from the level of 1.1045 (closing of yesterday’s daily candle) with the target at 1.1075, the upper fractal (yellow dotted line). When testing this level, a continued upward movement is possible with the target at 1.1111, the upper limit of the Bollinger band indicator (black dotted line).
Alternatively, the price may move upward from the level of 1.1045 (closing of yesterday’s daily candle) with the target at 1.1075, the upper fractal (yellow dotted line). When testing this level, the price may move downward with the target at 1.0993, the 14.6% pullback level (yellow dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
The market may move upward from the level of 1.1045 (closing of yesterday’s daily candle) with the target at 1.1075, the upper fractal (yellow dotted line). When testing this level, a continued upward movement is possible with the target at 1.1111, the upper limit of the Bollinger band indicator (black dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.1045 (closing of yesterday’s daily candle) with the target at 1.1075, the upper fractal (yellow dotted line). When testing this level, a continued upward movement is possible with the target at 1.1111, the upper limit of the Bollinger band indicator (black dotted line).
Alternatively, the price may move upward from the level of 1.1045 (closing of yesterday’s daily candle) with the target at 1.1075, the upper fractal (yellow dotted line). When testing this level, the price may move downward with the target at 1.0993, the 14.6% pullback level (yellow dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
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