empty
 
 

29.07.202010:19 Forex Analyse & Reviews: Instaforex Daily Analysis - 29th July 2020

loader

Today we take a look at GBPUSD and see how we are going to play the bounce!

We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today.

*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.

USDCHF holding above ascending trendline support! Further bounce incoming!
USDCHF consolidating above ascending trendline support. Price could potentially push up further to 1st resistance at 0.93330 towards, in-line with 100% Fibonacci retracement, 61.8% Fibonacci extension and swing high resistance. Alternatively, price could drop and find support at 0.91645, in-line.
Author: Dean Leo
01:47 2021-09-27 UTC--4
3748
EURNZD Reversed Off Resistance, Potential Drop!
EURNZD has potential to reversed off from 1st resistance at 1.67908 in line with 38.2% Fibonacci retracement and 50% Fibonacci extension to 1st support at 1.64878 in line with 127.2% Fibonacci retracement and 50% Fibonacci extension. Our bearish bias is further supported by how RSI is showing a.
Author: Dean Leo
01:15 2021-09-27 UTC--4
4258
USDJPY short-term bearish drop | 27th 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 thrice at that level. We can expect the price to drop from the 1st Resistance and ride the bearish.
Author: Dean Leo
01:13 2021-09-27 UTC--4
6538
Show more
Kan u nu niet praten?
Stel uw vraag in de chat.