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23.07.202105:26 Forex Analysis & Reviews: EURAUD holding below descending trendline resistance! Drop incoming!

Exchange Rates 23.07.2021 analysis

*Prezentowana analiza rynku ma charakter informacyjny i nie jest przewodnikiem po transakcji.

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Daily Video Analysis: USDCAD holding below descending trendline resistance! Potential for drop!
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.
Autor: Dean Leo
03:07 2021-09-17 UTC--5
2203
USDCAD holding below descending trendline resistance! Potential for drop!
USDCAD trading within a triangle pattern and testing triangle trendline resistance. A short term drop below 1st resistance at 1.26979 towards 1st support at 1.26497 could be possible. Stochastic also testing resistance where price dropped in the past. Trading Recommendation Entry: 1.26979 Reason.
Autor: Dean Leo
00:53 2021-09-17 UTC--5
6493
USDJPY reversed from resistance, potential drop!
Price is approaching 1st resistance at 109.978 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension where it is could reverse down to 1st support at 109.112 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Our bearish bias is further supported by how MACD.
Autor: Dean Leo
00:51 2021-09-17 UTC--5
5788
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