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04.06.202109:05 Forex Analysis & Reviews: Daily Video Analysis: AUDUSD facing bullish pressure, potential for further rise!

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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. Price is holding above ascending trendline support, where we could potentially see a bounce at buy entry, in line with 61.8% Fibonacci retracement, and a further rise up towards take profit level, which is in line with our horizontal swing high resistance.

*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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