empty
 
 

28.10.202105:54 Ανάλυση και κριτικές Forex: AUDCHF bullish momentum | 28th Oct 2021

Exchange Rates 28.10.2021 analysis

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 Support in line with 23.6% Fibonacci retracement and 61.8% Fibonacci projection towards the 1st Resistance in line with -27.2% Fibonacci retracement and 127.2% Fibonacci projection. Our potential bullish bias is further supported by price holding above the Ichimoku cloud acting as a support and RSI indicator abiding to a ascending trendline support.

Trading Recommendation

Entry: 0.68693

Reason for Entry:

23.6% Fibonacci retracement and 61.8% Fibonacci projection

Take Profit: 0.70024

Reason for Take Profit:

-27.2% Fibonacci retracement and 127.2% Fibonacci projection

Stop Loss: 0.68310

Reason for Stop Loss:

38.2% Fibonacci retracement and 100% Fibonacci projection

*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: CADJPY, H4 High Probability Reversal.
Today we take a look at CADJPY. 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
01:34 2021-11-25 UTC--5
2158
AUDUSD bearish continuation | 25th Nov 2021
On the H4, we can see that price broke out of the ascending channel on the daily and abiding to the descending trendline on the H4. We can expect the price to drop from 1st Resistance in line with 23.6% Fibonacci retracement towards the 1st Support in line with 127.2% Fibonacci projection. Our.
Author: Dean Leo
01:15 2021-11-25 UTC--5
6253
AUDCHF Potential Bounce | 25th Nov 2021
Prices appear to be consolidating in a triangle. We see potential for a bounce from our 1st support at 0.67155 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement and bullish trendline towards our 1st resistance at 0.67558 in line with 23.6% Fibonacci retracement and 50%.
Author: Dean Leo
01:13 2021-11-25 UTC--5
4918
Show more
Can't speak right now?
Ask your question in the chat.