28.09.202105:56 Forex Analysis & Reviews: USDCHF holding below descending trendline resistance! Potential drop!

Exchange Rates 28.09.2021 analysis

USDCHF is holding below descending trendline resistance and 1st resistance at 0.92736 in line with 50% Fibonacci retracement and 23.6% Fibonacci extension. A further push down towards 1st support at 0.92161 in line Horizontal swing low and 61.8% Fibonacci extension may be expected. Our bearish is further supported by how Stochastic is reacting below resistance where price dropped in the past. Otherwise price may bullish towards 2nd resistance at 0.92919 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension.

Trading Recommendation

Entry: 0.92736

Reason for Entry:

50% Fibonacci retracement and 23.6% Fibonacci extension

Take Profit: 0.92161

Reason for Take Profit:

Horizontal swing low and 61.8% Fibonacci extension

Stop Loss: 0.92919

Reason for Stop Loss:

61.8% Fibonacci retracement and 61.8% Fibonacci extension

*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.

USDCAD bullish continuation | 26th Oct 2021
On the H4, price is on an upwards trend and is expected to continue with its bullish momentum from 1st support at 1.23693 in line with the 38.2% and 50% Fibonacci retracement to 1st resistance at 1.24037 in line with the 127.2% Fibonacci extension and 100% Fibonacci projection levels..
Author: Dean Leo
22:09 2021-10-25 UTC--4
GBPAUD facing potential trend reversal, rise incoming!
Price had been consolidating in a descending price channel and reacting to the Daily descending trendline support. Price could be potentially bullish from 1st support at 1.83246 in line with Horizontal swing low and 61.8% Fibonacci extension to 1st resistance at 1.84728 in line with 50% Fibonacci.
Author: Dean Leo
21:50 2021-10-25 UTC--4
Daily Video Analysis: USDJPY potential for further downside
Today we take a look at USDJPY. 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
03:17 2021-10-25 UTC--4
Show more
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.