empty
 
 

28.10.202105:54 Forex Analysis & Reviews: AUDCHF bullish momentum | 28th Oct 2021

Exchange Rates 28.10.2021 analysis

Price is abiding to the descending trendline resistance on the daily, signifying an overall bearish trend, however, there might be a potential bullish trend breakout with the inverse head and shoulders spotted at the bottom of the descending trend. We can expect price to be bounce off from the 1st Support in line with 23.6% Fibonacci retracement and 61.8% Fibonacci projection towards the 1st Resistance in line with -27.2% Fibonacci retracement and 127.2% Fibonacci projection. Our potential bullish bias is further supported by price holding above the Ichimoku cloud acting as a support and RSI indicator abiding to a ascending trendline support.

Trading Recommendation

Entry: 0.68693

Reason for Entry:

23.6% Fibonacci retracement and 61.8% Fibonacci projection

Take Profit: 0.70024

Reason for Take Profit:

-27.2% Fibonacci retracement and 127.2% Fibonacci projection

Stop Loss: 0.68310

Reason for Stop Loss:

38.2% Fibonacci retracement and 100% 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.

USDJPY bearish continuation | 2nd Dec 2021
On the H4 timeframe, price broke out of the ascending trendline support, signifying a bearish momentum. We can now expect the price to drop from 1st Resistance in line with 78.6% Fibonacci projection towards 1st Support in line with 61.8% FIbonacci projection and horizontal support. Our bearish.
Author: Dean Leo
01:16 2021-12-02 UTC--5
778
AUDCAD Potential For Dips | 2nd 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 0.9132 in line with 50% and 23.6% Fibonacci retracement and also graphical overlap towards our 1st support at 0.90645 in line with 61.8% Fibonacci extension and.
Author: Dean Leo
01:14 2021-12-02 UTC--5
673
USDCAD Bearish Pressure | 2nd Dec 2021
On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from 1st support at 1.27727 in line with the graphical overlap support and 78.6% Fibonacci retracement to 1st resistance at 1.28919 in line with the graphical swing high resistance and 100%.
Author: Dean Leo
01:12 2021-12-02 UTC--5
613
Show more
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.