02.07.202111:17 Forex Analysis & Reviews: Daily Video Analysis: EURAUD facing bullish pressure, potential for further rise!


Today we take a look at EURAUD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure as it continues to hold above the moving average, and MACD is holding above 0 line. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement and ascending trendline support, towards Take Profit levels, in line with horizontal swing high resistance and -27.2% Fibonacci retracement.

*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
© 2007-2022
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Author: Dean Leo
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USDJPY, Potential for Bullish Continuation | 4th May 2022
On the H4, with price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 131.240 where the swing high resistance is from our 1st support at 129.374 in line with the horizontal pullback support and 50% and 78.6 Fibonacci retracement. Alternatively,.
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DXY Potential for Bearish Reversal | 25th April 2022
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Author: Dean Leo
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