16.09.202109:01 Forex Analysis & Reviews: EURNZD facing bullish pressure, potential for further upside!

Exchange Rates 16.09.2021 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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UDUSD bullish breakout | 9th Dec 2021
On the H4, price has broken out of the descending trendline resistance, signifying bullish momentum. We can expect price to bounce from 1st Support in line with 23.6% Fibonacci retracement towards 1st Resistance in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement. Our bullish.
Author: Dean Leo
03:02 2021-12-09 UTC--5
NZDUSD Potential For Dip | 9th Dec 2021
Prices are on bearish momentum and abiding to our bearish trendline. We see potential for a dip from our 1st resistance at 0.68172 which is a graphical overlap and area of Fibonacci confluences towards our 1st support at 0.67439 in line with 127.2% Fibonacci extension. Breaking the 1st support will.
Author: Dean Leo
03:00 2021-12-09 UTC--5
USDCAD Bullish Pressure | 9th Dec 2021
On the H4, with price approaching the support of the stochastics indicator, we have a bullish bias that price will rise from 1st support at 1.26227 in line with the graphical overlap support and 61.8% Fibonacci retracement to 1st resistance at 1.27252 in line with the graphical swing high.
Author: Dean Leo
02:59 2021-12-09 UTC--5
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