empty
 
 

08.07.202110:15 Forex Analysis & Reviews: GBPUSD approaching support, potential for bounce

Exchange Rates 08.07.2021 analysis

GBPUSD bounced from trendline resistance (now support) and price looks to swing towards 1st support at 1.37354, in-line with 78.6% Fibonacci extension and swing low support. Stochastic is signaling bearish momentum before reaching a level where previous bounces occur. Price will face bullish pressure from 1st support to 1st resistance at 1.38502, in-line with 61.8% Fibonacci retracement and descending trendline resistance.

Trading Recommendation

Entry: 1.37354

Reason for Entry:

78.6% Fibonacci extension, descending trendline support, swing low support

Take Profit: 1.38502

Reason for Take Profit:

61.8% Fibonacci retracement, descending trendline resistance

Stop Loss: 1.37319

Reason for Stop Loss:

127.2% Fibonacci extension

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Dean Leo,
Especialista em análise na InstaForex
© 2007-2021
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.

EURJPY Potential For Dips| 6th Dec 2021
Prices are on a bearish momentum and abiding to our bearish trendline. We see potential for a dip from our 1st resistance at 128.016 which is a graphical overlap and area of Fibonacci confluences towards our 1st support at 127.324 which is an area of Fibonacci confluences. Breaking the 1st support.
Author: Dean Leo
00:46 2021-12-06 UTC--5
853
Daily Video Analysis: AUDUSD, D1 High Probability Reversal w Elliott Wave
Today we take a look at AUDUSD. 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
00:45 2021-12-06 UTC--5
673
USDJPY short-term bullish bounce | 6th Dec 2021
On the H4 timeframe, price broke out of the ascending trendline support, signifying a bearish momentum. However, we can expect price to make a small retracement from 1st Support in line with 78.6% Fibonacci projection towards 1st Resistance in line with 38.2% Fibonacci retracement and 100%.
Author: Dean Leo
00:43 2021-12-06 UTC--5
703
Show more
Não pode falar agora?
Faça sua pergunta no chat.