28.09.202105:55 Forex Analysis & Reviews: AUDCAD bullish bounce| 28th Sep 2021

Exchange Rates 28.09.2021 analysis

Price is holding above the descending trendline resistance turn support, showing a strong bullish momentum. Price is approaching the trendline support to retest and we can expect price to bounce up from 1st Support in line 127.2% Fibonacci Projection and previous swing low, towards the 1st Resistance in line with 127.2% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is further supported by the Stochastic indicator where the %K line is abiding to a ascending trendline.

Trading Recommendation

Entry: 0.91127

Reason for Entry:

127.2% Fibonacci Projection

Take Profit: 0.93793

Reason for Take Profit:

127.2% Fibonacci Retracement and 78.6% Fibonacci Projection

Stop Loss: 0.90243

Reason for Stop Loss:

161.8% Fibonacci Projection and 127.2% Fibonacci Retracement


Dean Leo,
Analytical expert of InstaForex
© 2007-2021

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

Daily Video Analysis: GBPUSD approaching pivot , potential for dip
Today we take a look at GBPUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
作者: Dean Leo
02:44 2021-10-18 UTC--4
AUDCHF short-term bearish pressure | 18th Oct 2021
Price is holding on an ascending trendline support, showing an overall bullish trend, however, we can expect price to make a small retracement at 1st resistance level in line with 61.8% Fibonacci projection towards the 1st Support in line with 38.2% Fibonacci retracement. Our short-term bearish bi.
作者: Dean Leo
01:20 2021-10-18 UTC--4
AUDUSD bullish breakout, potential for further rise!
Price has shown a bullish breakout from the Daily descending trendline resistance (now support) and is also holding above the EMA as well. We could see a further rise from 1st support at 0.73722 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci extension and towards 1st resistance at 0.7.
作者: Dean Leo
01:17 2021-10-18 UTC--4
提出您的问题,用 在线帮助.