Main Quotes Calendar Forum
flag

FX.co ★ Indicator analysis: Daily review of EUR/USD on September 28, 2022

parent
Forex Analysis:::2022-09-28T07:55:21

Indicator analysis: Daily review of EUR/USD on September 28, 2022

Trend analysis (Fig. 1).

The euro-dollar pair may move downward from the level of 0.9592 (closing of yesterday's daily candle) to the lower fractal 0.9553 (white dotted line). When testing this level, an upward movement is possible with the target of 0.9647, the 14.6% retracement level (white dotted line). In the case of testing this level, continued upward movement is possible with the target of 0.9704, the 23.6% retracement level (white dotted line).

Indicator analysis: Daily review of EUR/USD on September 28, 2022

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis – up;
  • Fibonacci levels – up;
  • Volumes – up;
  • Candlestick analysis – up;
  • Trend analysis – down;
  • Bollinger bands – up;
  • Weekly chart – down.

General conclusion:

Today the price may move downward from the level of 0.9592 (closing of yesterday's daily candle) to the lower fractal 0.9553 (white dotted line). When testing this level, an upward movement is possible with the target of 0.9647, the 14.6% retracement level (white dotted line). In the case of testing this level, continued upward movement is possible with the target of 0.9704, the 23.6% retracement level (white dotted line).

Alternative scenario: from the level of 0.9592 (closing of yesterday's daily candle), the price may move downward with the target of 0.9503, the 208.0% Fibonacci retracement level (red dotted line). After testing this level, an upward movement is possible to test 0.9647, the 14.6% retracement level (white dotted line).

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...