empty
 
 

22.06.202112:11 Forex Analysis & Reviews: EURCHF approaching pivot, potential for reversal

Exchange Rates 22.06.2021 analysis

Prices are approaching 78.6% Fibonacci retracement and 78.6% Fibonacci extension fibonacci confluence . Prices might reverse and push down towards horizontal swing low support in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement . If prices continue to push up, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension. Stochastics is also approaching resistance of 93.75 level, potential for reversal.

Trading Recommendation

Entry: 1.09572

Reason for Entry:

78.6% Fibonacci retracement, 78.6% Fibonacci extension

Take Profit: 1.09206

Reason for Take Profit:

Horizontal swing low support, 127.2% Fibonacci extension, 161.8% Fibonacci retracement

Stop Loss: 1.09790

Reason for Stop Loss:

Horizontal swing high resistance, 161.8% Fibonacci retracement, 161.8% Fibonacci extension

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Odborný analytik spoločnosti 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.

Daily Video Analysis: GBPUSD potential for reversal
Today we take a look at GBPUSD. 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
01:24 2021-10-28 UTC--4
1873
AUDCHF bullish momentum | 28th Oct 2021
Price is abiding to the descending trendline resistance on the daily, signifying an overall bearish trend, however, there might be a potential bullish trend breakout with the inverse head and shoulders spotted at the bottom of the descending trend. We can expect price to be bounce off from the 1st.
Author: Dean Leo
23:54 2021-10-27 UTC--4
3313
USDCHF bearish continuation | 28th Oct 2021
Price is reacting below our 1st resistance level at 0.91888 which is in line with 61.8% Fibonacci extension and horizontal swing low support. Price can potentially take support at 0.91526, which is in line with 38.2% Fibonacci retracement and horizontal swing low support. Alternatively, price may.
Author: Dean Leo
23:33 2021-10-27 UTC--4
3028
Show more
Can't speak right now?
Ask your question in the chat.