empty
 
 

22.06.202112:11 Ανάλυση και κριτικές Forex: EURCHF approaching pivot, potential for reversal

Exchange Rates 22.06.2021 analysis

Prices are approaching 78.6% Fibonacci retracement and 78.6% Fibonacci extension fibonacci confluence . Prices might reverse and push down towards horizontal swing low support in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement . If prices continue to push up, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension. Stochastics is also approaching resistance of 93.75 level, potential for reversal.

Trading Recommendation

Entry: 1.09572

Reason for Entry:

78.6% Fibonacci retracement, 78.6% Fibonacci extension

Take Profit: 1.09206

Reason for Take Profit:

Horizontal swing low support, 127.2% Fibonacci extension, 161.8% Fibonacci retracement

Stop Loss: 1.09790

Reason for Stop Loss:

Horizontal swing high resistance, 161.8% Fibonacci retracement, 161.8% Fibonacci extension

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Αναλυτικός εμπειρογνώμονας της InstaForex
© 2007-2021
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: BTCUSD, H4 Potential Bullish Breakout
Today we take a look at BTCUSD. 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
01:45 2021-11-29 UTC--5
1573
AUDCHF short-term bullish bounce | 29th Nov 2021
On the H4 timeframe, price is abiding to the ascending trendline support on the daily and descending trendline resistance on the H4 forming a potential triangle pattern. We can expect the price to bounce from 1st Support in line with 23.6% Fibonacci retracement to 1st Resistance in line with 161.8%.
Author: Dean Leo
01:09 2021-11-29 UTC--5
4123
EURGBP Potential For Dips | 29th Nov 2021
Prices have reached a Pivot and are on a bearish momentum. We see potential for continuous dip from our 1st resistance at 0.84744 which is an area of Fibonacci confluences and also graphical overlap towards our 1st support at 0.84214 in line with 61.8% and 78.6% Fibonacci retracement..
Author: Dean Leo
01:08 2021-11-29 UTC--5
3253
Show more
Can't speak right now?
Ask your question in the chat.