empty
 
 

25.11.202108:15 Forex Analysis & Reviews: AUDUSD bearish continuation | 25th Nov 2021

Exchange Rates 25.11.2021 analysis

On the H4, we can see that price broke out of the ascending channel on the daily and abiding to the descending trendline on the H4. We can expect the price to drop from 1st Resistance in line with 23.6% Fibonacci retracement towards the 1st Support in line with 127.2% Fibonacci projection. Our bearish bias is further supported by the Ichimoku cloud indicator where price is holding below it and it is forming a strong resistance level.

Trading Recommendation

Entry: 0.72317

Reason for Entry:

23.6% Fibonacci retracement

Take Profit: 0.71716

Reason for Take Profit:

127.2% Fibonacci Projection

Stop Loss: 0.72524

Reason for Stop Loss:

61.8% Fibonacci projection and 38.2% Fibonacci retracement

*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: DXY, H4 Bearish Selling Opportunity
Today we take a look at DXY. 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
04:55 2022-01-20 UTC--5
2278
USDJPY Potential Bullish Bounce | 20th Jan 2022
On the H4 timeframe, is abiding to the ascending channel on the daily, signifying an overall bullish momentum. We can now expect price to bounce from 1st Support in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection towards 1st Resistance in line with 61.8% Fibonacci projection.
Author: Dean Leo
03:35 2022-01-20 UTC--5
3478
NZDUSD Bullish Momentum | 20th Jan 2022
On the H4 timeframe, prices are consolidating in an ascending channel and on bullish momentum. We see the potential for further bullish continuation from our 1st support at 0.67823 which is a graphical overlap towards our 1st resistance at 0.68367 in line with 61.8% Fibonacci extension. RSI is at.
Author: Dean Leo
03:32 2022-01-20 UTC--5
3913
Show more
Can't speak right now?
Ask your question in the chat.