empty
 
 

11.05.202109:38 Analytische Bewertungen Forex: GBPUSD facing bearish pressure, potential for further downside!

Exchange Rates 11.05.2021 analysis

Prices are facing bearish pressure from descending trendline resistance, which coincides with horizontal swing high resistance, 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards horizontal pullback support in line with 78.6% Fibonacci retracement. If prices push up further, prices might face resistance from 127.2% Fibonacci retracement and 127.2% Fibonacci extension fibonacci confluence area. Stochastics is also facing resistance from 95.71 level, potential for further downside!

Trading Recommendation

Entry: 1.41346

Reason for Entry:

Horizontal swing high resistance, 61.8% Fibonacci retracement, 127.2% Fibonacci extension

Take Profit: 1.40446

Reason for Take Profit:

Horizontal pullback support, 78.6% Fibonacci retracement

Stop Loss: 1.41804

Reason for Stop Loss:

127.2% Fibonacci retracement, 127.2% Fibonacci extension

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

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: BTCUSD H4, Strong Bearish Reversal
Today we take a look at BTCUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
Author: Dean Leo
00:35 2021-12-07 UTC--5
1708
AUDUSD bearish continuation | 7th Dec 2021
On the H4, price is abiding to the descending trendline resistance, signifying bearish momentum. Price dropped below the daily overlap support, we can expect price to drop from 1st Resistance in line with 38.2% FIbonacci retracement and 61.8% Fibonacci projection towards 1st Support in line with.
Author: Dean Leo
00:34 2021-12-07 UTC--5
5053
GBPAUD Potential For Dips| 7th Dec 2021
Prices are on a bearish momentum and abiding to our bearish trendline. We see potential for a dip from our 1st resistance at 1.89166 which is a graphical overlap and area of Fibonacci confluences towards our 1st support at 1.85272 which is an area of Fibonacci confluences. Breaking the 1st support.
Author: Dean Leo
00:32 2021-12-07 UTC--5
4048
Show more
Können Sie momentan nicht telefonieren?
Dann stellen Sie Ihre Frage im Chat.