empty
 
 

29.11.202108:09 Ανάλυση και κριτικές Forex: AUDCHF short-term bullish bounce | 29th Nov 2021

Exchange Rates 29.11.2021 analysis

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% Fibonacci projection and 50% Fibonacci retracement. Our short-term bullish bias is further supported by the stochastic indicator where the %K line is at the support level.

Trading Recommendation

Entry: 0.66011

Reason for Entry:

23.6% Fibonacci retracement

Take Profit: 0.66665

Reason for Take Profit:

161.8% Fibonacci projection and 50% Fibonacci retracement

Stop Loss: 0.65605

Reason for Stop Loss:

Ascending trendline support on the daily

*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
© 2007-2022
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: AUDCAD, D1 Bearish Selling Opportunity
Today we take a look at AUDCAD. 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
05:47 2022-01-28 UTC--5
2458
USDJPY bearish reversal | 28th Jan 2022
On the H4 chart, price is trading in an ascending channel and is near 1st support level of 115.058 which is also 23.6% Fibonacci retracement. Price can potentially go to the 1st resistance level of 116.362 which is also 100% Fibonacci projection and 127.2% Fibonacci retracement. Our bullish bias is.
Author: Dean Leo
03:39 2022-01-28 UTC--5
4513
NZDUSD Bullish bounce | 28th Jan 2022
On the H4, prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a short bounce from our 1st support at 0.65687 in line with 200% Fibonacci projection and 161.8% Fibonacci Projection towards our descending trendline at 1st resistance at 0.66601 which is a.
Author: Dean Leo
03:36 2022-01-28 UTC--5
4468
Show more
Can't speak right now?
Ask your question in the chat.