empty
 
 

02.08.202108:40 Forex Analysis & Reviews: GBPUSD breaking below 1st resistance, facing bearish pressure!

Exchange Rates 02.08.2021 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
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: GBPJPY potential for short pullback.
Today we take a look at GBPJPY. 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
02:18 2021-10-19 UTC--4
1498
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
3253
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
2608
Show more
Can't speak right now?
Ask your question in the chat.