empty
 
 

29.11.202108:07 Forex Analysis & Reviews: USDCAD Bearish Pressure | 29th Nov 2021

Exchange Rates 29.11.2021 analysis

On the H4, with price approaching the resistance on the stochastics indicator, we have a bearish bias that price will drop to 1st support at 1.26479 in line with the graphical overlap support and 50% Fibonacci retracement and possibly to 2nd support at 1.25505 in line with the graphical swing low support and 78.6% Fibonacci retracement from 1st resistance at 1.27914 in line with the horizontal swing high resistance and 127.2% Fibonacci extension level. Alternatively, we may see price break 1st resistance structure and head for 2nd resistance at 1.28919 in line with the horizontal swing high resistance and 100% Fibonacci projection.

Trading Recommendation

Entry: 1.27914

Reason for Entry:

Horizontal swing high resistance and 127.2% Fibonacci extension level

Take Profit: 1.26479

Reason for Take Profit:

Graphical overlap support and 50% Fibonacci retracement

Stop Loss: 1.28919

Reason for Stop Loss:

Horizontal swing high resistance and 100% Fibonacci projection.

*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。

GBPUSD Potential For Bullish Bounce | 18th May 2022
On the H4, with price moving above the Ichimoku and the recent breakthrough in our descending trendline, we have a bullish bias that price will rise from our 1st support at 1.23982 where the 23.60% Fibonacci retracement and horizontal overlap support is to our 1st resistance at 1.26283 in line with.
作者: Dean Leo
00:38 2022-05-18 UTC--4
4888
USDJPY Potential For Bullish Continuation | 18th May 2022
On the H4, with the MACD moving in a bullish momentum, we have a bullish bias that price will rise from our 1st support at 128.996 where the 38.2% Fibonacci retracement and horizontal overlap support is to our 1st resistance at 129.603 in line with the horizontal swing high resistance. Alternativel.
作者: Dean Leo
00:35 2022-05-18 UTC--4
5113
LINKUSD, Potential For Bullish Continuation | 18th May 2022
On the H4, with the MACD showing a bullish momentum, we have a bullish bias that price will rise to our 1st resistance at 7.99307 in line with the horizontal swing high resistance from our 1st support at 7.26982 in line with the horizontal swing low support and 61.8% Fibonacci retracement. Alternat.
作者: Dean Leo
00:34 2022-05-18 UTC--4
4918
展示更多
现在无法通话?
提出您的问题,用 在线帮助.