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29.07.202108:54 Forex Analysis & Reviews: USDCAD likely to face bullish pressure on the H4

Exchange Rates 29.07.2021 analysis

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

Dean Leo,
Analytical expert of InstaForex
© 2007-2021
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AUDJPY short-term bearish pressure | 19th Oct 2021
Price is holding on an ascending trendline support, showing an overall bullish trend, however, we are expecting a retracement to the 1st Support in line with ascending trendline support and 61.8% Fibonacci projection. Our short-term bearish bias is further supported by the MACD indicator where the.
Author: Dean Leo
22:53 2021-10-18 UTC--4
1618
USDCAD is facing bearish pressure, potential for more downside!
Price has shown a bearish breakout below the neckline of the Head and Shoulder pattern and also is holding below the EMA as well. We could see a further drop from 1st resistance at 1.24098 in line with graphical overlap resistance and 23.6% Fibonacci extension and towards 1st support at 1.21610 in.
Author: Dean Leo
22:52 2021-10-18 UTC--4
1693
EURUSD bearish continuation | 19th Oct 2021
On the H4, we can see price approaching the resistance on the stochastic indicator which indicates that price may do a short term reversal to 1st support at 1.16225 in line with the 38.2% Fibonacci retracement. With the overall bullish sentiment with the ascending channel, we may subsequently see.
Author: Dean Leo
22:49 2021-10-18 UTC--4
1618
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