empty
 
 

07.05.202109:43 Forex Analysis & Reviews: AUDJPY facing bullish pressure, potential for further upside!

Exchange Rates 07.05.2021 analysis

Prices are facing bullish pressure from horizontal swing low support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards 1st resistance, which is a fibonacci confluence -27.2% Fibonacci retracement and 78.6% Fibonacci extension. If prices push down further, prices might take support from 50% FIbonacci extension and 38,2% Fibonacci retracement. EMA is also below prices, showing a bullish pressure for prices.

Trading Recommendation

Entry: 84.867

Reason for Entry:

Ascending trendline support, horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

Take Profit: 85.091

Reason for Take Profit:

-27.2% FIbonacci retracement, 78.6% Fibonacci extension

Stop Loss: 84.723

Reason for Stop Loss:

Horizontal swing low support, 50% Fibonacci extension, 38.2% Fibonacci retracement

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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.

AUDUSD holding above descending trendline support! Further bounce incoming!
AUDUSD broke above descending trendline resistance (now support). With technical indicators showing room for further bullish momentum, a further push up above our 1st support at 0.72777 towards 1st resistance at 0.73736 could be possible.
Author: Dean Leo
02:23 2021-09-24 UTC--4
4213
UKOIL reversed off resistance, potential drop!
Price is approaching 1st resistance at 77.72 in line with Horizontal swing high and 76.4% Fibonacci extension where it could see a reverse down to 1st support at 73.50 in line with 61.8% Fibonacci retracement and 23.6% Fibonacci extension. Our bearish bias is further supported by how Stochastic is.
Author: Dean Leo
02:19 2021-09-24 UTC--4
4093
USDJPY short-term bearish drop | 24th 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 twice at that level. We can expect the price to drop from the 1st Resistance and ride the bearish.
Author: Dean Leo
02:18 2021-09-24 UTC--4
4363
Show more
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.