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20.05.202206:41 Forex Analysis & Reviews: GBPUSD Potential For Bullish Continuation | 20th May 2022

Exchange Rates 20.05.2022 analysis

On the H4, with price moving above the Ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 1.23920 where the horizontal overlap support is to our 1st resistance at 1.25474 in line with the 61.8% Fibonacci projection. Alternatively, price may break 1st support structure and head for 2nd support at 1.23329 where the horizontal swing low support and 78.6% Fibonacci projection are.

Trading Recommendation

Entry: 1.23920

Reason for Entry:

Horizontal overlap support

Take Profit:1.25474

Reason for Take Profit:61.8% Fibonacci projection

Stop Loss: 1.23329

Reason for Stop Loss:

Horizontal swing low support and 78.6% Fibonacci projection

*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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EURUSD Potential For Bearish Continuation | 29th June 2022
On H4, with price recently breaking the ascending trendline, we have a bearish bias that price will continue to drop from the 1st resistance at 1.06047 at the pullback resistance in line with the 61.8% fibonacci projection and 61.8% fibonacci retracement to the 1st support at 1.03541 in line with.
Autor: Dean Leo
00:29 2022-06-29 UTC--4
2623
GBPUSD Potential For Bullish Continuation | 29th June 2022
On the H4, with prices expected to bounce off the stochastic support, we have a bullish bias that price will drop and rise from our 1st support at 1.21657 where the horizontal overlap support and 50% fibonacci retracement are to our 1st resistance at 1.24327 in line with the 61.8% fibonacci.
Autor: Dean Leo
00:26 2022-06-29 UTC--4
2488
USDCAD, Potential For Bullish Bounce | 29th June 2022
On the H4, with price bouncing off the stochastic support, we have a bullish bias that price will rise from our 1st support at 1.28647 where the horizontal pullback support is to our 1st resistance at 1.30128 in line with the horizontal swing high resistance, 100% fibonacci projection and 78.6%.
Autor: Dean Leo
00:24 2022-06-29 UTC--4
2173
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