empty
 
 

27.10.202107:06 Forex Analyse & Reviews: GBPJPY facing bullish pressure, potential for more upside!

Exchange Rates 27.10.2021 analysis

Price is consolidating within the ascending channel and reacting above the ascending channel support. Price could potentially bullish from 1st support at 156.719 in line with 23.6% Fibonacci retracement and 61.8% Fibonacci extension to 1st resistance at 158.888 in line with 127.2% Fibonacci retracement and 78.6% Fibonacci extension. Our bullish bias is further supported by how price is trending above the Ichimoku cloud and also by how RSI is abiding to the ascending trendline support. Otherwise price may bearish towards 2nd support at 155.357 in line with 38.2% Fibonacci retracement and 100% Fibonacci extension.

Trading Recommendation

Entry: 156.719

Reason for Entry:

23.6% Fibonacci retracement and 61.8% Fibonacci extension

Take Profit: 158.888

Reason for Take Profit:

127.2% Fibonacci retracement and 78.6% Fibonacci extension

Stop Loss: 155.357

Reason for Stop Loss:

38.2% Fibonacci retracement and 100% Fibonacci extension.

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

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: AUDJPY H4, Potential Sell Entry
Today we take a look at AUDJPY. 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
03:03 2021-12-03 UTC--5
2233
AUDCHF short-term bullish bounce | 3rd Dec 2021
On the H4 timeframe, price is abiding to the descending trendline resistance, signifying bearish momentum. However, we can expect a short-term retracement, we can expect price to drop from the 1st Resistance in line with 78.6% Fibonacci retracement and 127.2% Fibonacci projection towards the 1st.
Author: Dean Leo
03:02 2021-12-03 UTC--5
6373
USDCHF Potential For Bounce | 3rd Dec 2021
Prices are consolidating in a triangle and abiding to our ascending trendline. We see potential for a bounce from our 1st support at 0.91900 which is an area of Fibonacci confluences and also graphical overlap towards our 1st resistance at 0.92639 in line with 100% Fibonacci extension and 50%.
Author: Dean Leo
03:00 2021-12-03 UTC--5
6058
Show more
Kan u nu niet praten?
Stel uw vraag in de chat.