empty
 
 

26.05.202210:25 Forex Analysis & Reviews: AUDUSD Potential For Bullish Continuation | 26th May 2022

Exchange Rates 26.05.2022 analysis

On the H4, the price has recently broken the descending trendline and is moving above the Ichimoku cloud which supports our bullish bias that the price will rise from our 1st horizontal pullback support at 0.70341 in line with the 23.6% Fibonacci retracement and 78.6% Fibonacci projection, to the 1st resistance at 0.72628 in line with 50% Fibonacci retracement and another 61.8% Fibonacci retracement, or to the 2nd resistance at 0.73520 in line with the 78.6% and 61.8% Fibonacci retracements. Alternatively, the price may break through the 1st support at 0.70341 and approach the 2nd support at 0.68318 at the swing low.

Trading Recommendations

Entry: 0.70341

Reason for Entry: Horizontal pullback support in line with the 23.6% Fibonacci retracement and 78.6% Fibonacci projection

Take Profit: 0.72628

Reason for Take Profit: 50% Fibonacci retracement and another 61.8% Fibonacci retracement

Stop Loss: 0.68318

Reason for Stop Loss: Swing low

*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。




  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
现在无法通话?
提出您的问题,用 在线帮助.