empty
 
 

19.10.202104:52 Forex Analysis & Reviews: USDCAD is facing bearish pressure, potential for more downside!

Exchange Rates 19.10.2021 analysis

Price has shown a bearish breakout below the neckline of the Head and Shoulder pattern and also is holding below the EMA as well. We could see a further drop from 1st resistance at 1.24098 in line with graphical overlap resistance and 23.6% Fibonacci extension and towards 1st support at 1.21610 in line with -27.2% Fibonacci retracement and 61.8% Fibonacci extension. Our bearish bias is further supported by how Price is holding above the Ichimoku cloud and MACD is holding below the 0 line. Otherwise Price may bullish towards 2nd resistance at 1.24985 in line with 23.6% Fibonacci retracement and 38.2% Fibonacci extension.

Trading Recommendation

Entry: 1.24098

Reason for Entry:

Graphical overlap resistance and 23.6% Fibonacci extension

Take Profit: 1.21610

Reason for Take Profit:

-27.2% Fibonacci retracement and 61.8% Fibonacci extension

Stop Loss: 1.24985

Reason for Stop Loss:

23.6% Fibonacci retracement and 38.2% Fibonacci extension.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Dean Leo,
Analytical expert of InstaForex
© 2007-2022
立即从分析师的建议受益
充值交易账户
开设交易账户

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: USDCAD, D1 Buying Opportunity On Ascending Trend Line
Today we take a look at USDCAD. 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
05:00 2022-01-18 UTC--5
1708
USDJPY Potential Bullish Bounce | 18th Jan 2022
On the H4 timeframe, is abiding to the ascending channel on the daily, signifying an overall bullish momentum. We can now expect price to push higher from 1st Support in line with 23.6% Fibonacci retracement and graphical overlap support towards 1st Resistance in line with 61.8% Fibonacci projectio.
作者: Dean Leo
02:50 2022-01-18 UTC--5
3958
NZDUSD Bullish Bounce | 18th Jan 2022
On the H4 timeframe, prices are consolidating in an ascending channel and on bullish momentum. We see the potential for a bounce from our 1st support at 0.6799 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension towards our 1st resistance at 0.68306 in line with 50% Fibonacci retr.
作者: Dean Leo
02:28 2022-01-18 UTC--5
2353
展示更多
现在无法通话?
提出您的问题,用 在线帮助.