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10.09.202107:50 Forex Analysis & Reviews: Daily Video Analysis: NZDUSD holding below descending trendline resistance! Potential for drop!

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Today we take a look at NZDUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.

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

Dean Leo,
Analytical expert of InstaForex
© 2007-2021
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EURUSD holding below descending trendline resistance! Further drop upcoming!
EURUSD holding below descending trendline resistance. With technical indicators showing room for further bearish momentum, a further push down to our 1st support at 1.16645 could be possible.
Author: Dean Leo
02:09 2021-09-22 UTC--4
4918
NZDJPY facing bearish pressure, drop incoming!
Price is facing bearish pressure as it holds under the descending trendline resistance and 1st resistance at 77.330 in line with 38.2% Fibonacci retracement and 23.6% Fibonacci extension. Price may bearish from 1st resistance at 77.330 in line with 38.2% Fibonacci retracement and 23.6% Fibonacci.
Author: Dean Leo
02:05 2021-09-22 UTC--4
4948
CADJPY short-term bullish bounce | 22nd Sep 2021
Price is holding below the descending trendline resistance, however we are expecting price to be making a short-term bullish bounce as price is seen to bounce off the weekly overlap support. We can expect price to push past 1st support and ride the bullish momentum towards the 1st resistance in.
Author: Dean Leo
01:52 2021-09-22 UTC--4
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