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03.07.202009:17 Forex Analyse & Reviews: XAU/USD facing bullish pressure, potential for further upside!

Exchange Rates 03.07.2020 analysis

Trading Recommendation

Entry: 1764.89

Reason for Entry: Horizontal overlap support, 61.8% fibonacci retracement and 78.6% fibonacci extension

Take Profit: 1792.66

Reason for Take Profit: -27.2%, 227.2% fibonacci retracement, 100% fibonacci extension

Stop Loss: 1746.85

Reason for Take Profit: Horizontal swing low support, 127.2% fibonacci extension

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

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AUDUSD holding above descending trendline support! Further bounce incoming!
AUDUSD broke above descending trendline resistance (now support). With technical indicators showing room for further bullish momentum, a further push up above our 1st support at 0.72777 towards 1st resistance at 0.73736 could be possible.
Author: Dean Leo
01:23 2021-09-24 UTC--5
4873
UKOIL reversed off resistance, potential drop!
Price is approaching 1st resistance at 77.72 in line with Horizontal swing high and 76.4% Fibonacci extension where it could see a reverse down to 1st support at 73.50 in line with 61.8% Fibonacci retracement and 23.6% Fibonacci extension. Our bearish bias is further supported by how Stochastic is.
Author: Dean Leo
01:19 2021-09-24 UTC--5
4768
USDJPY short-term bearish drop | 24th Sep 2021
Price is holding above the ascending trendline support, however we are expecting the price to be making a short-term bearish drop as price has approached a strong resistance level where price reversed twice at that level. We can expect the price to drop from the 1st Resistance and ride the bearish.
Author: Dean Leo
01:18 2021-09-24 UTC--5
5578
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