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27.01.202209:09 Forex Analysis & Reviews: NZDUSD Bullish bounce | 27th Jan 2022

Exchange Rates 27.01.2022 analysis

On the H4, prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a short bounce from our 1st support at 0.66161 in line with 200% Fibonacci projection towards our descending trendline at 1st resistance at 0.67058 which is a graphical overlap. RSI is at a level where bounces occurred previously. Alternatively, our stop loss will be placed at our 2nd support at 0.65889 in line with 161.8% Fibonacci Projection.

Trading Recommendation

Entry: 0.66161

Reason for Entry:200% Fibonacci projection

Take Profit: 0.67058

Reason for Take Profit:

Graphical overlap

Stop Loss: 0.65889

Reason for Stop Loss:

161.8% Fibonacci Projection

*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
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USDCHF, Potential For Bullish rise | 24th June 2022
On the H4, with price expected to bounce off the RSI indicator, we have a bullish bias that price will rise from our 1st support at 0.95996 where the horizontal swing low support is to our 1st resistance at 0.97232 in line with the horizontal swing high resistance and 23.6% Fibonacci retracement..
Author: Dean Leo
00:46 2022-06-24 UTC--4
6973
USDJPY Potential For Bullish Continuation | 24th June 2022
On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 135.536 in line with the pullback support and 23.6% fibonacci retracement to our 1st resistance at 138.846 where the 161.8% fibonacci extension and 78.6% fibonacci.
Author: Dean Leo
00:43 2022-06-24 UTC--4
7228
NZDUSD Potential For Bullish Continuation | 24th June 2022
On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the 1st resistance at 0.63107 in line with the 38.2% fibonacci retracement to the 1st support at 0.62022 in line with the horizontal swing low. Alternatively, price.
Author: Dean Leo
00:35 2022-06-24 UTC--4
7093
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