27.05.202008:35 Forex Analyse & Reviews: XAUUSD reaching 1st support, potential bounce !

Exchange Rates 27.05.2020 analysis

Trading Recommendation


Reason for Entry: Trendline pullback, 88% fibonacci retracement

Take Profit :11734.55

Reason for Take Profit: Horizontal swing high resistance

Stop Loss: 1683.08

Reason for Stop loss: Horizontal swing low

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

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EURUSD holding below descending trendline resistance! Further drop upcoming!
EURUSD holding below descending trendline resistance. With technical indicators showing room for further bearish momentum, a further push down to our 1st support at 1.16645 could be possible.
Author: Dean Leo
02:09 2021-09-22 UTC--4
NZDJPY facing bearish pressure, drop incoming!
Price is facing bearish pressure as it holds under the descending trendline resistance and 1st resistance at 77.330 in line with 38.2% Fibonacci retracement and 23.6% Fibonacci extension. Price may bearish from 1st resistance at 77.330 in line with 38.2% Fibonacci retracement and 23.6% Fibonacci.
Author: Dean Leo
02:05 2021-09-22 UTC--4
CADJPY short-term bullish bounce | 22nd Sep 2021
Price is holding below the descending trendline resistance, however we are expecting price to be making a short-term bullish bounce as price is seen to bounce off the weekly overlap support. We can expect price to push past 1st support and ride the bullish momentum towards the 1st resistance in.
Author: Dean Leo
01:52 2021-09-22 UTC--4
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