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04.08.202109:05 Forex Analyse & Reviews: USDCAD facing bearish pressure, potential downside!

Exchange Rates 04.08.2021 analysis

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

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Daily Video Analysis: AUDCHF potential for further upside
Today we take a look at AUDCHF. 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
02:42 2021-10-22 UTC--4
1648
AUDCHF bullish momentum | 22nd Oct 2021
Price is abiding to an ascending trendline, signifying a bullish momentum. We can expect price to bounce up from the 1st Support in line with 38.2% Fibonacci retracement and ascending trendline support , towards the 1st Resistance in line with 50% Fibonacci retracement and overlap resistance. Our.
Author: Dean Leo
02:29 2021-10-22 UTC--4
3013
EURUSD is facing bearish pressure, drop incoming!
Price may have made a breakout from the lower support (now resistance) of the ascending trendline channel and may have from a possible double top pattern. Price may bearish from 1st resistance at 1.6397 in line with 23.6% Fibonacci retracement and 38.2% Fibonacci extension to 1st support at 1.16084.
Author: Dean Leo
02:28 2021-10-22 UTC--4
3478
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