empty
31.01.2023 09:32 AM
Indicator analysis: Daily review of EUR/USD on January 31, 2023

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 1.0850 (closing of yesterday's daily candle) to test 1.0821, the 23.6% retracement level (red dotted line). From this level, an upward movement is possible to 1.0926, the upper fractal (yellow dotted line). When testing this level, the price may move down.

This image is no longer relevant

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 downward from the level of 1.0850 (closing of yesterday's daily candle) to test 1.0821, the 23.6% retracement level (red dotted line). From this level, an upward movement is possible to 1.0926, the upper fractal (yellow dotted line). When testing this level, the price may move down.

Alternatively, the price may move downward from the level of 1.0850 (closing of yesterday's daily candle) to test 1.0835, the 13-period EMA (thin yellow line). When testing this level, the price may move upward to 1.0926, the upper fractal (yellow dotted line).

Stefan Doll,
انسٹافاریکس کا تجزیاتی ماہر
© 2007-2025
ٹائم فریم منتخب کریں
5
منٹ
15
منٹ
30
منٹ
1
گھنٹہ
4
گھنٹے
1
دن
1
ہفتہ
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں

تجویز کردہ مضامین

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.