empty
 
 

20.10.202108:02 Forex Analysis & Reviews: USDJPY short-term bearish pressure | 20th Oct 2021

Exchange Rates 20.10.2021 analysis

Price is holding on an ascending channel however, price can be expected to retrace back to the support level. We can expect the price to hit 1st Resistance in line with 161.8% Fibonacci retracement and 78.6% Fibonacci projection and drop down towards the 1st Support in line with 100% Fibonacci projection and 127.2% Fibonacci retracement. Our short-term bearish bias is further supported by the RSI indicator where it abided below a descending trendline resistance and showing a bearish divergence.

Trading Recommendation

Entry: 114.842

Reason for Entry:

161.8% Fibonacci retracement and 78.6% Fibonacci projection

Take Profit: 113.721

Reason for Take Profit:

100% Fibonacci projection and 127.2% Fibonacci retracement

Stop Loss: 115.262

Reason for Stop Loss:

127.2% Fibonacci projection

*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.

Daily Video Analysis: GBPCHF, H4 Bullish Breakout Buying Opportunity
Today we take a look at GBPCHF. 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
05:01 2022-01-27 UTC--5
1858
USDCHF Bearish Reversal | 27th Jan 2022
On the H4 timeframe, price is abiding to a descending channel, signifying a bearish momentum. Price is reacting at 1st Resistance, we can expect price to drop from 1st Resistance in line with 161.8% Fibonacci extension and 78.6% Fibonacci projection towards 1st Support in line with 78.6% Fibonacci.
Author: Dean Leo
02:13 2022-01-27 UTC--5
4288
NZDUSD Bullish bounce | 27th Jan 2022
On the H4, prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a short bounce from our 1st support at 0.66161 in line with 200% Fibonacci projection towards our descending trendline at 1st resistance at 0.67058 which is a graphical overlap. RSI is at a.
Author: Dean Leo
02:09 2022-01-27 UTC--5
3433
Show more
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.