EURUSD#4--->Time to buy:
Good day, dear #investors and colleagues #traders!
Your attention to the analysis of the currency pair #Eurusd:
The asset ended the week with a decrease of 183 points or -1.63%. The volatility of the current week is 427 points (Range - coefficient).
#Technical_analysis:
Globally (D1):
The currency pair is our resistance from the Fibonacci level of 1.1452 (38.2%) from the movement in January 2018 - February 2020. At the moment, the pair has returned to the downward channel, but we do not realize that it matters in the current volatility.
Locally (H1-H4):
If you want a comprehensive picture.
A currency pair is moving in a downward channel on the hourly chart. From February 19 to March 9, we must ensure compliance with the necessary Fibonacci conditions.
After we conducted them, we can immediately draw attention to the fact that our support is at 1.1080 (61.8%). She was also on Friday.
In this moment, we see a broad Double Bottom figure. With a primary target of 1.1250 and a secondary target of 1.1500 and possibly further.
By tradition, we call the weekly support and resistance zones:
A) Supported: will be presented on Monday, at the opening of markets;
B) Resistance: will be presented on Monday, at the opening of markets;
#Indicative_analysis:
- Leading indicators: At the close of the trading week, leading indicators of the fund, showing the emergence of a currency pair in the "Zone of potential buyers."
- Indicators of price behavior: stock prices demonstrate the exit of a currency pair from the "Abnormal price behavior".
- Trend indicators: at the close of the trading week, trend indicators show a steady trend down.
=> Total: All indicators indicate that the data have a good opportunity to buy a single European currency against the dollar.
If the market opens without a big gap, then the price will be either 1.11-1.1080 with extreme #stoploss * 1.0980 and #takeprofit 1.1250.
In the case of a consolidated downward movement, we will close positions that should not trigger a stop order.
If you want trade with us (retranslate our deals to your account get us message here -> wmci.messagecentergmail.com) ;
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”[/I]
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
* Extreme stoploss - stop loss intended in case of sharp price fluctuations.
Your attention to the analysis of the currency pair #Eurusd:
The asset ended the week with a decrease of 183 points or -1.63%. The volatility of the current week is 427 points (Range - coefficient).
#Technical_analysis:
Globally (D1):
The currency pair is our resistance from the Fibonacci level of 1.1452 (38.2%) from the movement in January 2018 - February 2020. At the moment, the pair has returned to the downward channel, but we do not realize that it matters in the current volatility.
Locally (H1-H4):
If you want a comprehensive picture.
A currency pair is moving in a downward channel on the hourly chart. From February 19 to March 9, we must ensure compliance with the necessary Fibonacci conditions.
After we conducted them, we can immediately draw attention to the fact that our support is at 1.1080 (61.8%). She was also on Friday.
In this moment, we see a broad Double Bottom figure. With a primary target of 1.1250 and a secondary target of 1.1500 and possibly further.
By tradition, we call the weekly support and resistance zones:
A) Supported: will be presented on Monday, at the opening of markets;
B) Resistance: will be presented on Monday, at the opening of markets;
#Indicative_analysis:
- Leading indicators: At the close of the trading week, leading indicators of the fund, showing the emergence of a currency pair in the "Zone of potential buyers."
- Indicators of price behavior: stock prices demonstrate the exit of a currency pair from the "Abnormal price behavior".
- Trend indicators: at the close of the trading week, trend indicators show a steady trend down.
=> Total: All indicators indicate that the data have a good opportunity to buy a single European currency against the dollar.
If the market opens without a big gap, then the price will be either 1.11-1.1080 with extreme #stoploss * 1.0980 and #takeprofit 1.1250.
In the case of a consolidated downward movement, we will close positions that should not trigger a stop order.
If you want trade with us (retranslate our deals to your account get us message here -> wmci.messagecentergmail.com) ;
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”[/I]
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
* Extreme stoploss - stop loss intended in case of sharp price fluctuations.
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