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30.07.202105:26 Forex Analysis & Reviews: GBPUSD testing key resistance! Short term drop incoming!

Exchange Rates 30.07.2021 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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AUDUSD holding below descending trendline resistance! Potential for drop!
AUDUSD holding below descending trendline resistance. With technical indicators showing room for further bearish downside, a short term drop below 1st resistance at 0.72778 towards 1st support at 0.72288 could be possible. Trading Recommendation Entry: 0.72778 Reason for Entry: 38.2% Fibonacci.
Author: Dean Leo
01:33 2021-09-20 UTC--4
3868
UKOIL facing bullish pressure, potential for further upside!
Price is facing bullish pressure as it continues to hold above the ascending trendline support. We could potentially see a bounce at our 1st support level at 74.01, which is in line with our 38.2% Fibonacci retracement and 23.6% Fibonacci extension and a further rise towards our 1st resistance.
Author: Dean Leo
01:27 2021-09-20 UTC--4
2908
USDCAD bullish pressure | 20th Sep 2021
Price is abiding the ascending trendline support on the daily timeframe showing a bullish momentum. We are expecting the price to push up towards the 1st Resistance in line with 78.6% Fibonacci projection and daily overlap resistance. Our bullish bias is further supported by the stochastic.
Author: Dean Leo
01:24 2021-09-20 UTC--4
3583
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