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08.12.202107:17 Forex Analyse & Reviews: AUDUSD bearish continuation | 8th Dec 2021

Exchange Rates 08.12.2021 analysis

On the H4, price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from 1st Resistance in line with 38.2% Fibonacci retracement and 127.2% Fibonacci projection towards 1st Support in line with 78.6% Fibonacci extension. Our bearish bias is further supported by the Ichimoku cloud indicator acting as a resistance.

Trading Recommendation

Entry:0.71247

Reason for Entry:

38.2% FIbonacci retracement and 127.2% Fibonacci projection

Take Profit: 0.69957

Reason for Take Profit:

78.6% Fibonacci projection

Stop Loss: 0.71702

Reason for Stop Loss:

161.8% Fibonacci projection

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

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USDCHF Bearish Reversal | 26th Jan 2022
On the H4, prices are at a swing low at 0.66830 in line with 161.8% Fibonacci projection. We see the potential for a bounce from our 1st support at 0.66830 in line with 161.8% projection towards our 1st resistance at 0.67349 in line with 100% Fibonacci retracement. RSI is at a level where bounces.
Author: Dean Leo
01:21 2022-01-26 UTC--5
3043
NZDUSD Bullish Bounce | 26th Jan 2022
On the H4, prices are at a swing low at 0.66830 in line with 161.8% Fibonacci projection. We see the potential for a bounce from our 1st support at 0.66830 in line with 161.8% projection towards our 1st resistance at 0.67349 in line with 100% Fibonacci retracement. RSI is at a level where bounces.
Author: Dean Leo
01:18 2022-01-26 UTC--5
3838
USDCAD, Bullish Pressure | 26th Jan 2022
On the H4, with price moving above the Ichimoku cloud, we foresee potentially a bullish bounce that price will bounce from our 1st support at 1.26091 which is in line with horizontal overlap resistance and 38.2% Fibonacci retracement to 1st resistance at 1.27274 in line with the 78.6% Fibonacci.
Author: Dean Leo
01:15 2022-01-26 UTC--5
4153
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