empty
 
 

29.11.202108:08 Forex Analysis & Reviews: EURGBP Potential For Dips | 29th Nov 2021

Exchange Rates 29.11.2021 analysis

Prices have reached a Pivot and are on a bearish momentum. We see potential for continuous dip from our 1st resistance at 0.84744 which is an area of Fibonacci confluences and also graphical overlap towards our 1st support at 0.84214 in line with 61.8% and 78.6% Fibonacci retracement. Alternatively, our stop loss will be placed at 2nd resistance at 0.85094 in line with 61.8% and 61.8% Fibonacci retracement. Ichimoku Clouds are showing bearish momentum and stochastics are at a level where dips previously happened.

Trading Recommendation

Entry: 0.84744

Reason for Entry:

Area of Fibonacci confluences and also graphical overlap

Take Profit: 0.84214

Reason for Take Profit:

61.8% and 78.6% Fibonacci retracement

Stop Loss: 0.85094

Reason for Stop Loss:

61.8% and 61.8% Fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Az InstaForex elemző szakértője
© 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: BRENT CRUDE OIL, D1 Reversal From All Time High
Today we take a look at BRENT CRUDE OIL. 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
05:24 2022-01-17 UTC--5
1903
AUDUSD potential bullish bounce | 17th Jan 2022
On the H4, price is reacting within the ascending channel, signifying an overall bullish momentum. Price is approaching the 1st Support, we can expect to see price make a bullish bounce from 1st Support in line with 100% Fibonacci projection, 78.6% Fibonacci retracement and ascending channel.
Author: Dean Leo
02:06 2022-01-17 UTC--5
3943
NZDUSD Bullish Bounce | 14th Jan 2022
On the H4 timeframe, prices is trading in an ascending channel and is near 1st support level of 0.67793 which is also 100% Fibonacci projection and 78.6% Fibonacci retracement. Price can potentially go to the 1st resistance level of 0.68896 which is the graphical swing high level. Our bullish bias.
Author: Dean Leo
02:03 2022-01-17 UTC--5
3433
Show more
Can't speak right now?
Ask your question in the chat.