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InstaForex Loprais Team - Official participant of the Dakar rally

Technical analysis

30.03.202112:56 Forex Analysis & Reviews: Daily Video Analysis: NZDJPY potential for further upside!

Today we take a look at NZDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. NZDJPY is facing bullish pressure from 100% Fibonacci extension and 61.8% Fibonacci retracement. There is a chance that prices can push up towards horizontal swing high resistance, in line with 78.6% Fibonacci extension. Prices are also above Ichimoku Cloud, showing a bullish pressure on prices, in line with our analysis.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021

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Daily Video Analysis: USDCAD approaching descending trendline, potential for reversal!

Today we take a look at USDCAD. 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 continues to hold below the descending.

USDCAD reacting below descending trendline resistance. Drop incoming!

USDCAD reacting below descending trendline resistance. A further drop below the key 61.8% Fibonacci retracement and 1st resistance at 1.25786 towards 1st support at 1.25471 could be possible. Stochastic indicator reacting below resistance as well. Trading Recommendation Entry: 1.25786 Reason for.

CHFJPY facing bullish pressure, potential for more upside!

Prices are facing bullish pressure from ascending trendline support and horizontal swing low support which coincides with 50% Fibonacci retracement and 50% Fibonacci extension. Prices might push up towards 1st resistance which is in line with -27.2% FIbonacci retracement and 78.6% Fibonacci.

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