empty
 
 

21.01.202209:12 Forex Analysis & Reviews: NZDUSD Bullish bounce | 21th Jan 2022

Exchange Rates 21.01.2022 analysis

On the H4 timeframe, prices are consolidating in a parallel channel and on bearish momentum. We see the potential for a bullish bounce from our 1st support at 0.67151 in line with 161.8% Fibonacci projection and 78.6% Fibonacci Retracement which is a graphical swing low and in line with our parallel channel towards our 1st resistance at 0.67762 in line with 38.2% Fibonacci retracement. RSI is at levels where bounces occurred previously, further supporting our bullish bias. Alternatively, our stop loss will be placed at 0.66773 in line with 100% Fibonacci extension.

Trading Recommendation

Entry: 0.67151

Reason for Entry:

161.8% Fibonacci projection and 78.6% Fibonacci Retracement, graphical swing low and in line with our parallel channel

Take Profit: 0.67762

Reason for Take Profit:

38.2% Fibonacci retracement

Stop Loss: 0.66773

Reason for Stop Loss:

100% 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
© 2007-2022
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: XAUUSD, D1 Bearish Selling Opportunity
Today we take a look at XAUUSD. 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
05:50 2022-05-17 UTC--4
2218
GBPUSD Potential For Bullish Bounce | 17th May 2022
On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 1.23802 where the horizontal swing high resistance is to our 1st support at 1.21005 in line with the 61.80% Fibonacci projection. Alternatively, price may break 1st.
Author: Dean Leo
03:25 2022-05-17 UTC--4
3073
NZDUSD Potential For Bearish Continuation | 17th May 2022
On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 0.63428 where the 23.6% Fibonacci retracement, 38.2% Fibonacci retracement and horizontal swing high resistance is to our 1st support at 0.62274 in line with the horizontal.
Author: Dean Leo
03:23 2022-05-17 UTC--4
3118
Show more
Can't speak right now?
Ask your question in the chat.