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16.04.202111:10 Forex Analysis & Reviews: Daily Video Analysis: GBPCAD facing bearish pressure, potential for further rise!

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Today we take a look at GBPCAD. 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 bearish pressure as it holds under the descending trendline resistance. We could see a reversal at our Buy entry level, in line with horizontal pullback resistance, and further downside towards take profit levels, in line with 61.8% and -27.2% Fibonacci retracement levels. Stochastics has also just reversed from the upper resistance level where it has reacted from before, in line with our analysis.

*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
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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: Din Leo
04:07 2021-09-17 UTC--4
2128
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: Din Leo
01:53 2021-09-17 UTC--4
5458
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: Din Leo
01:51 2021-09-17 UTC--4
5263
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