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Forex Analysis & Reviews: NZDUSD Potential For Bullish Rise | 4th August 2022
time 04.08.2022 11:03 AM
time Relevance up to, 05.08.2022 11:03 AM

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On the H4, with price bouncing off to the ascending trendline, also, the momentum of red histogram is decreasing, we have a bullish bias that price may rise from the 1st support at 0.62053 where 50% fibonacci retracement is to the 1st resistance at 0.63525 at the swing high, 61.8% fibonacci projection and 50% fibonacci retracement. Alternatively, price may reverse off the 1st support and drop to 2nd support at 0.60605 where the swing low is. Take note the price of 0.61234 could be the intermediate support, which is in line with the 78.6% fibonacci retracement.

Trading Recommendation

Entry:0.62053

Reason for Entry: 50% fibonacci retracement

Take Profit: 0.63525

Reason for Take Profit:Swing high, 61.8% fibonacci projection and 50% fibonacci retracementStop Loss: 0.60605

Reason for Stop Loss:

Swing low

Dean Leo,
Analytical expert of InstaForex
© 2007-2022
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NZDUSD Potential for Bullish Continuation | 28th November 2022
On the H4 chart, we have a bullish bias with the price moving above the Ichimoku cloud and has broken out of the ascending channel. If this bullish momentum continues, expect the price to continue heading towards the 1st resistance line at 0.63525, where the 88% Fibonacci line is. Alternatively,.
Author: Dean Leo
05:14 2022-11-28 UTC--5
6478
AUDUSD Potential for Bullish Continuation | 28th November 2022
Looking at the H4 chart, my overall bias for ADUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Expecting price to continue heading towards the 1st resistance at 0.67711 where the 61.8% Fibonacci line is. If this 1st resistance line is broken,.
Author: Dean Leo
05:11 2022-11-28 UTC--5
6118
ETHUSD Potential For Bearish Continuation | 28th November 2022
Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market .If this bearish momentum continues, expect price to possibly head towards the 1st support at 1071.11, where the -previous swing low is located. In an.
Author: Dean Leo
05:09 2022-11-28 UTC--5
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