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03.12.202109:58 Forex Analysis & Reviews: USDCAD Bullish Pressure | 3rd Dec 2021

Exchange Rates 03.12.2021 analysis

On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from 1st support at 1.27727 in line with the graphical overlap support and 78.6% Fibonacci retracement to 1st resistance at 1.28919 in line with the graphical swing high resistance and 100% Fibonacci projection. Alternatively, we may see price break 1st support structure and head for 2nd support at 1.26479 in line with the horizontal swing low support.

Trading Recommendation

Entry: 1.27727

Reason for Entry:

Graphical overlap support and 78.6% Fibonacci retracement

Take Profit: 1.28919

Reason for Take Profit:

Graphical swing high resistance and 100% Fibonacci projection

Stop Loss: 1.26479

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.

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USDJPY Potential For Bearish Continuation | 24th May 2022
On the H4, with prices moving below the Ichimoku indicator, we have a bearish bias that price will drop from our 1st resistance at 128.099 where the 38.2% Fibonacci retracement and horizontal overlap resistance is to our 1st support at 126.988 in line with the 78.6% Fibonacci projection and.
Autor: Dean Leo
03:59 2022-05-24 UTC--4
2308
GBPUSD Potential For Bullish Continuation | 24th May 2022
On the H4, with price moving above the Ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 1.25009 where the horizontal overlap support is to our 1st resistance at 1.26243 in line with the 78.6% Fibonacci projection and horizontal swing high resistance..
Autor: Dean Leo
03:56 2022-05-24 UTC--4
1858
DOGECOIN, Potential For Bearish Continuation | 24th May 2022
On the H1, price recently broke the ascending trend channel and has bounced off our 1st support at 0.0830. With price moving below the Ichimoku indicator, we have a bearish bias that price will break our 1st support at 0.0830 where the horizontal pullback support is, and drop to the 2nd support at.
Autor: Dean Leo
03:53 2022-05-24 UTC--4
2218
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