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02.08.202108:41 Forex Analysis & Reviews: AUDUSD broke below trendline support! Drop incoming!

Exchange Rates 02.08.2021 analysis

*Analiza de piață publicată aici este menită să vă sporească conștientizarea, nu pentru a oferi instrucțiuni pentru a efectua un schimb.

Dean Leo,
Expert analitic al companiei InstaForex
© 2007-2021
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Autor: Decan Leo
00:35 2021-12-07 UTC--5
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AUDUSD bearish continuation | 7th Dec 2021
On the H4, price is abiding to the descending trendline resistance, signifying bearish momentum. Price dropped below the daily overlap support, we can expect price to drop from 1st Resistance in line with 38.2% FIbonacci retracement and 61.8% Fibonacci projection towards 1st Support in line with.
Autor: Decan Leo
00:34 2021-12-07 UTC--5
4978
GBPAUD Potential For Dips| 7th 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 1.89166 which is a graphical overlap and area of Fibonacci confluences towards our 1st support at 1.85272 which is an area of Fibonacci confluences. Breaking the 1st support.
Autor: Decan Leo
00:32 2021-12-07 UTC--5
4003
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