empty
 
 
15.07.2021 11:24 AM
AUDUSD holding above ascending trendline support! Bounce incoming!

This image is no longer relevant

AUDUSD holding above ascending trendline support, showing that the trend has changed. RSI is also holding above ascending trendline support and shows room for further bullish momentum. A further push up above our 1st support at 0.74443 towards our 1st resistance at 0.75029 could be possible.

Trading Recommendation

Entry: 0.74443

Reason for Entry:

78.6% Fibonacci retracement, ascending trendline support

Take Profit: 0.75029

Reason for Take Profit:

-27.20% Fibonacci retracement, 78.6% Fibonacci extension

Stop Loss: 0.74266

Reason for Stop Loss:

Graphical swing low support

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback