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17.01.202209:06 Forex-elemzések és áttekintések: AUDUSD potential bullish bounce | 17th Jan 2022

Exchange Rates 17.01.2022 analysis

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 support towards 1st Resistance in line with previous swing high and 78.6% Fibonacci projection. Our short-term bearish bias is further supported by the RSI indicator where it is approaching the support level.

Trading Recommendation

Entry: 0.71724

Reason for Entry:

100% Fibonacci projection, 78.6% Fibonacci retracement and ascending channel support

Take Profit: : 0.73091

Reason for Take Profit:Previous swing high and 78.6% Fibonacci projection

Stop Loss: 0.71369

Reason for Stop Loss:

127.2% Fibonacci projection, previous swing low

*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
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AUDUSD Potential For Bullish Continuation | 27th May 2022
On the H1, with price moving above the Ichimoku cloud and price moving within the ascending trend channel, we have a bullish bias that price will rise to our 1st resistance at 0.72673 where the swing high is from our 1st support at 0.71004 in line with the 61.8% Fibonacci retracement..
Author: Dean Leo
04:18 2022-05-27 UTC--4
3748
USDJPY Potential For Bearish Continuation | 27th May 2022
On the H4, with prices moving below the ichimoku indicator and passing the basis line of the bollinger band in a downtrend, we have a bearish bias that price will drop from our 1st resistance at 127.164 where the horizontal overlap resistance and 23.6% fibonacci retracement are to our 1st support.
Author: Dean Leo
04:12 2022-05-27 UTC--4
3658
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