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30.07.202105:24 Ανάλυση και κριτικές Forex: USDCAD continues to face bullish pressure on the H4

Exchange Rates 30.07.2021 analysis

*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
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Daily Video Analysis: GBPUSD potential for reversal
Today we take a look at GBPUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
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Price is abiding to the descending trendline resistance on the daily, signifying an overall bearish trend, however, there might be a potential bullish trend breakout with the inverse head and shoulders spotted at the bottom of the descending trend. We can expect price to be bounce off from the 1st.
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USDCHF bearish continuation | 28th Oct 2021
Price is reacting below our 1st resistance level at 0.91888 which is in line with 61.8% Fibonacci extension and horizontal swing low support. Price can potentially take support at 0.91526, which is in line with 38.2% Fibonacci retracement and horizontal swing low support. Alternatively, price may.
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