02.07.202004:33 Analytische Bewertungen Forex: USDCAD testing upside confirmation, potential upside!

Trading Recommendation

Entry: 1.3618

Reason for Entry: Horizontal pullback resistance

Take Profit :1.3716

Reason for Take Profit: The horizontal swing high

Stop Loss:1.3554

Reason for Stop loss: Horizontal overlap support

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Viele Grüße,
Analytiker: Dean Leo
InstaForex © 2007-2021

Zur Liste der Autoren des Artikels

Zur Artikelliste

Den Autor fragen

E-mail subscription

Benefit from analysts’ recommendations right now

Top up trading account

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Daily Video Analysis: CADJPY is facing bullish pressure, potential for a bounce!

Today we take a look at CADJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. CADJPY is facing bullish pressure, where we could see a potential bounce from.

GBPUSD is facing bullish pressure from support, potential for further upside

Price is facing bullish pressure from our first support and ascending trend line where we could see a bounce above this level to our first resistance target. A break above our upside confirmation level would provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing.

USDJPY is facing bearish pressure, potential for a reversal!

USDJPY is facing bearish pressure from our descending trendline resistance and Ichimoku cloud, in line with our bearish bias. We could see a reversal below our 1st resistance level at 103.956, which is in line with our 61.8% Fibonacci retracement and 100% Fibonacci extension, and a further push.