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Forex Analysis & Reviews: XAU/USD facing bullish pressure from support, potential for further upside
time 01.06.2020 05:52 AM
time Relevance up to, 02.06.2020 05:52 AM

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Trading Recommendation

Entry: 1725.36

Reason for Entry: horizontal overlap support, 100% fibonacci extension, 38.2% fibonacci retracement, ascending support line

Take Profit: 1765.23

Reason for Take Profit: Horizontal swing high resistance

Stop Loss: 1709.16

Reason for Take Profit: Horizontal swing low support

Dean Leo,
Analytical expert of InstaForex
© 2007-2023
EURUSD
Euro vs US Dollar
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USDJPY, H4 Bearish Channel Continuation
Today we take a look at USDJPY. 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
04:18 2023-01-31 UTC--5
553
USDCAD Potential for Bullish Rise towards overlap resistance
Description : Looking at the H4 chart, my overall bias for USCAD is bullish due to the current price heading towards the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1.33429, where the overlap support and 50% Fibonacci line is. Stop loss will be at 1.32993, where.
Author: Dean Leo
03:08 2023-01-31 UTC--5
853
AUDUSD Potential for Bearish Drop to recent swing low
Looking at the H4 chart, my overall bias for AUDUSDis bearish due to the current price being below the Ichimoku cloud, and a descending trend line adds confluence to my bias,indicating a bearish market. Looking for a sell entry at 0.70575 where the momentum of the price . We are looking to take.
Author: Dean Leo
03:07 2023-01-31 UTC--5
928
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