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17.09.202110:07 Forex Analyse & Reviews: Daily Video Analysis: USDCAD holding below descending trendline resistance! Potential for drop!

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Today we take a look at USDCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.

*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: AUDUSD, H4 Strong Bearish Channel
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On the H4 timeframe, price broke out of the ascending trendline support, signifying an overall bearish momentum. We can expect price to drop from 1st Resistance in line with 127.2 % Fibonacci projection and 61.8% Fibonacci retracement towards 1st Support in line with 61.8% Fibonacci projection.
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CHFJPY Potential For Dips | 1st Dec 2021
Prices are on a bearish momentum and abiding to our bearish trendline. We see potential for continuous dip from our 1st resistance at 123.336 in line with 78.6% and 38.6% Fibonacci retracement and also graphical overlap towards our 1st support at 122.385 in line with 61.8% Fibonacci extension and.
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