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02.08.202108:41 Forex Analysis & Reviews: AUDUSD broke below trendline support! Drop incoming!

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
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USDJPY short-term bearish pressure | 20th Oct 2021
Price is holding on an ascending channel however, price can be expected to retrace back to the support level. We can expect the price to hit 1st Resistance in line with 161.8% Fibonacci retracement and 78.6% Fibonacci projection and drop down towards the 1st Support in line with 100% Fibonacci.
Author: Dean Leo
02:02 2021-10-20 UTC--4
2383
GBPCHF facing bullish pressure, potential for more upside!
Price is above 1st support at 1.27205 in line with 38.2% Fibonacci retracement and 23.6% Fibonacci extension. It could potentially bullish from 1st support at 1.2705 in line with 38.2% Fibonacci retracement and 23.6% Fibonacci extension to 1st resistance at 1.28183 in line with Horizontal swing.
Author: Dean Leo
01:59 2021-10-20 UTC--4
2098
USDCAD bearish continuation | 20th Oct 2021
On the H4, with the existing bearish sentiment where price is moving below the ichimoku and in a downwards trend within the channel, we may expect to see price head for 1st support at 1.23114 which is a horizontal swing low support in line with the 61.8% Fibonacci extension and 127.2% Fibonacci.
Author: Dean Leo
01:58 2021-10-20 UTC--4
2548
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