empty
 
 

13.10.202108:15 Forex Analysis & Reviews: USDJPY short-term bearish pressure | 13th Oct 2021

Exchange Rates 13.10.2021 analysis

We can see that price is abiding by the ascending trendline and we can see price has reached the 1st resistance hence, we can expect the price to reverse back down to the 1st Support in line with the 50% Fibonacci retracement , 100% Fibonacci projection and ascending trendline support. Our short-term bearish bias is further supported by the RSI indicator where it touched the resistance level and dropped.

Trading Recommendation

Entry: 113.827

Reason for Entry:

100% Fibonacci Projection

Take Profit: 112.146

Reason for Take Profit:

100% Fibonacci projection and 50% Fibonacci Retracement

Stop Loss: 114.581

Reason for Stop Loss:

Horizontal swing high, 127.2% Fibonacci projection

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Dean Leo,
Analytical expert of InstaForex
© 2007-2021
Iskoristite preporuke analitičara upravo sada
Dopunite trgovački račun
Otvori trgovački račun

Uz InstaForex-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaForex-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.

Daily Video Analysis: AUDCHF potential for further upside
Today we take a look at AUDCHF. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
Autor: Din Leo
02:42 2021-10-22 UTC--4
1828
AUDCHF bullish momentum | 22nd Oct 2021
Price is abiding to an ascending trendline, signifying a bullish momentum. We can expect price to bounce up from the 1st Support in line with 38.2% Fibonacci retracement and ascending trendline support , towards the 1st Resistance in line with 50% Fibonacci retracement and overlap resistance. Our.
Autor: Din Leo
02:29 2021-10-22 UTC--4
4048
EURUSD is facing bearish pressure, drop incoming!
Price may have made a breakout from the lower support (now resistance) of the ascending trendline channel and may have from a possible double top pattern. Price may bearish from 1st resistance at 1.6397 in line with 23.6% Fibonacci retracement and 38.2% Fibonacci extension to 1st support at 1.16084.
Autor: Din Leo
02:28 2021-10-22 UTC--4
4318
Prikaži više
Ne možete da razgovarate sada?
Postavite pitanje kroz ćaskanje.