See also
This morning, the yen reached the 149.38 level, which coincides with the 23.6% Fibonacci retracement. This level is significant as it suggests a potential reversal into a new wave of decline.
However, the Marlin oscillator has settled in positive territory, indicating a pull toward the next retracement level of 38.2% at 151.30. The probability of growth is estimated at 60%.
On the four-hour timeframe, the current candle opened above the 149.38 level, with the oscillator rising in the positive zone. The oscillator's potential to reach the overbought area approximately corresponds with the price level of 151.30. It appears that the price may be heading in that direction.
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
EUR/USD is trading around 1.1437, below the Murray 6/8 level and within the uptrend channel formed on May 9. The instrument has an area where buyers have found it easier
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Currently on the 4-hour chart, the EUR/USD main currency pair appears to be moving above the WMA (21) which also has a slope that is going upwards and the condition
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?
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 InstaTrade anyway.
We are sorry for any inconvenience caused by this message.