empty
 
 

09.11.202103:58 Forex Analysis & Reviews: AUDUSD facing bearish pressure, potential for more downside!

Exchange Rates 09.11.2021 analysis

Price is trending within a Daily ascending channel and above the Daily descending trendline now support and below the 1st resistance at 0.74313 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension. Price could potentially bearish from 1st resistance at 0.74313 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension to 1st support at 0.73601 in line with Horizontal swing low and 61.8% Fibonacci extension. Our bearish bias is further supported by how Price is holding below the Ichimoku cloud and RSI is abiding to a descending trendline. Otherwise price may continue to bullish to 2nd resistance at 0.74708 in line with Horizontal swing high and 200% Fibonacci extension.

Trading Recommendation

Entry: 0.74313

Reason for Entry:

61.8% Fibonacci retracement and 100% Fibonacci extension

Take Profit: 0.73601

Reason for Take Profit:

Horizontal swing low and 61.8% Fibonacci extension

Stop Loss: 0.74708

Reason for Stop Loss:

Horizontal swing high and 200% Fibonacci extension

*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
© 2007-2022
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: AUDCAD, H4 Bearish Selling Opportunity
Today we take a look at AUDCAD. 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
04:38 2022-01-25 UTC--5
3403
AUDUSD Bearish Breakout | 25th Jan 2022
On the H4, price broke out of the ascending channel, signifying an overall bearish momentum. We can expect price to drop from 1st Resistance in line with 78.6% Fibonacci projection and 38.2% Fibonacci retracement towards 1st Support in line with graphical support level and 127.2% Fibonacci.
Author: Dean Leo
00:15 2022-01-25 UTC--5
4093
NZDUSD Bullish Bounce | 25th Jan 2022
On the H4 timeframe, prices are at a pivot at 0.67455 in line with 38.2% Fibonacci retracement. We see the potential for a bounce from our 1st support at 0.66638 in line with 100% Fibonacci extension towards our 1st resistance at 0.67455 in line with 38.2% Fibonacci retracement. RSI is at a level.
Author: Dean Leo
00:11 2022-01-25 UTC--5
4708
Show more
Can't speak right now?
Ask your question in the chat.