15.01.202112:01 Forex Analysis & Reviews: EURNZD is approaching resistance, potential reversal

Price is approaching our resistance, in line with our descending trend line, horizontal swing high resistance, 61.8% fibonacci retracement and 161.8% Fibonacci extension where we could see a reversal below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.

Trading Recommendation

Entry: 1.68740

Reason for Entry:

descending trend line, horizontal swing high resistance, 61.8% fibonacci retracement and 161.8% Fibonacci extension

Take Profit: 1.68128

Reason for Take Profit:

horizontal swing low support

Stop Loss: 1.69094

Reason for Stop Loss:

horizontal overlap resistance, 61.8% fibonacci retracement

*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: AUDUSD facing bearish pressure, potential for further drop!

Today we take a look at AUDUSD. 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 MACD is holding below the 0 line, in line.

AUDUSD reacting below descending trendline resistance! Drop incoming!

AUDUSD reacting below descending trendline resistance. A short term drop below our 1st resistance at 0.77391 towards 1st support at 0.77058 could be possible. Technical indicators are showing room for further bearish momentum as well. Trading Recommendation Entry: 0.77391 Reason for Entry: 61.8%.

AUDCHF facing bearish pressure, potential for more downside!

Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If.