14.01.202112:17 Forex Analysis & Reviews: USDCAD is approaching support, potential bounce!

Price is approaching our first support in line with our horizontal swing low support, 100% fibonacci extension and 78.6% fibonacci retracement where we could see a bounce above this level to our resistance target. Stochastic is approaching support as well, in line with our bullish bias.

Trading Recommendation

Entry: 1.26731

Reason for Entry:

horizontal swing low support, 100% fibonacci extension and 78.6% fibonacci retracement

Take Profit: 1.27344

Reason for Take Profit:

horizontal overlap resistance, 38.2% fibonacci retracement

Stop Loss: 1.26340

Reason for Stop Loss:

horizontal swing low support

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Dean Leo,
Experto Analítico
Grupo InstaForex © 2007-2021

Más artículos por este autor

Volver a la lista

Preguntar al autor

Suscripción por correo electrónico

Benefíciese de las recomendaciones de los analistas ahora mismo

Recargue su cuenta de operaciones

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

Daily Video Analysis: GBPCAD facing bearish pressure, potential for further rise!

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.

GBPCAD reacting below descending trendline resistance! Drop incoming!

GBPCAD reacting below descending trendline resistance. A short term drop below our 1st resistance at 1.72977 towards 1st support at 1.72371 could be possible.Stochastic is testing resistance where price reacted in the past as well. Trading Recommendation Entry: 1.72977 Reason for Entry: 78.6%.

EURCHF facing bearish pressure, potential for more downside!

Prices are facing bearish pressure from 1st resistance in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down further towards 1st support in line with 78.6% FIbonacci retracement and 61.8% FIbonacci retracement. If prices push past 1st resistance, prices.