empty
 
 

15.10.202107:43 Ανάλυση και κριτικές Forex: EURUSD bullish breakout | 15th Oct 2021

Exchange Rates 15.10.2021 analysis

With the recent breakout in resistance which has now turned support at 1.16097, we are expecting to see price do a rise from 1st support at 1.16091 in line with 23.6% Fibonacci retracement to 1st resistance at 1.16259 in line with the 161.8% Fibonacci extension. Our current bullish bias is supported by price moving above the ichimoku cloud coupled with an ascending trendline on the stochastic indicator. Alternatively, price may break structure at 1st support and head for 2nd support at 1.15873 in line with the 38.2% Fibonacci retracement level.

Trading Recommendation

Entry: 1.16093

Reason for Entry:

Horizontal swing high resistance and 161.8% Fibonacci extension

Take Profit: 1.16259

Reason for Take Profit:

Horizontal overlap support and 23.6% Fibonacci retracement

Stop Loss: 1.15873

Reason for Stop Loss:

Horizontal overlap support 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,
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: GBPAUD H4, Strong Bullish Bounce Setup
Today we take a look at GBPAUD. 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
00:45 2021-12-08 UTC--5
1678
AUDUSD bearish continuation | 8th Dec 2021
On the H4, price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from 1st Resistance in line with 38.2% Fibonacci retracement and 127.2% Fibonacci projection towards 1st Support in line with 78.6% Fibonacci extension. Our bearish bias is.
Author: Dean Leo
00:17 2021-12-08 UTC--5
4543
CHFJPY Potential For Bounce | 8th Dec 2021
Prices are on a bullish momentum and abiding to our bullish trendline. We see potential for a bounce from our 1st support at 122.428 which is a graphical overlap and in line with 100% Fibonacci extension towards our 1st resistance at 123.135 which is an area of Fibonacci confluences. Breaking the.
Author: Dean Leo
00:16 2021-12-08 UTC--5
3943
Show more
Can't speak right now?
Ask your question in the chat.