empty
 
 

22.10.202108:28 Forex Analysis & Reviews: EURUSD is facing bearish pressure, drop incoming!

Exchange Rates 22.10.2021 analysis

Price may have made a breakout from the lower support (now resistance) of the ascending trendline channel and may have form a possible double top pattern. Price may bearish from 1st resistance at 1.6397 in line with 23.6% Fibonacci retracement and 38.2% Fibonacci extension to 1st support at 1.16084 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Our bearish view is further supported by how RSI is holding below by a corresponding descending trendline resistance. Otherwise price may bullish to 2nd resistance at 1.16568 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension.

Trading Recommendation

Entry: 1.6397

Reason for Entry:

23.6% Fibonacci retracement and 38.2% Fibonacci extension

Take Profit: 1.16084

Reason for Take Profit:

61.8% Fibonacci retracement and 127.2% Fibonacci extension

Stop Loss: 1.16568

Reason for Stop Loss:

38.2% Fibonacci retracement and 61.8% Fibonacci extension.

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

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: CADJPY, H4 High Probability Reversal.
Today we take a look at CADJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.
Autor: Dean Leo
01:34 2021-11-25 UTC--5
2083
AUDUSD bearish continuation | 25th Nov 2021
On the H4, we can see that price broke out of the ascending channel on the daily and abiding to the descending trendline on the H4. We can expect the price to drop from 1st Resistance in line with 23.6% Fibonacci retracement towards the 1st Support in line with 127.2% Fibonacci projection. Our.
Autor: Dean Leo
01:15 2021-11-25 UTC--5
5953
AUDCHF Potential Bounce | 25th Nov 2021
Prices appear to be consolidating in a triangle. We see potential for a bounce from our 1st support at 0.67155 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement and bullish trendline towards our 1st resistance at 0.67558 in line with 23.6% Fibonacci retracement and 50%.
Autor: Dean Leo
01:13 2021-11-25 UTC--5
4738
Mostrar más
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.