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17.05.202209:23 Forex Analysis & Reviews: NZDUSD Potential For Bearish Continuation | 17th May 2022

Exchange Rates 17.05.2022 analysis

On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 0.63428 where the 23.6% Fibonacci retracement, 38.2% Fibonacci retracement and horizontal swing high resistance is to our 1st support at 0.62274 in line with the horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 0.64052 in line with the horizontal pullback resistance and 50% Fibonacci retracement.

Trading Recommendation

Entry: 0.63428

Reason for Entry:

23.6% Fibonacci retracement, 38.2% Fibonacci retracement and Horizontal swing high resistance

Take Profit:0.62274

Reason for Take Profit:Horizontal swing low supportStop Loss: 0.64052

Reason for Stop Loss:

Horizontal pullback resistance and 50% Fibonacci retracement

*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
© 2007-2022
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USDCHF, Potential For Bullish rise | 24th June 2022
On the H4, with price expected to bounce off the RSI indicator, we have a bullish bias that price will rise from our 1st support at 0.95996 where the horizontal swing low support is to our 1st resistance at 0.97232 in line with the horizontal swing high resistance and 23.6% Fibonacci retracement..
Author: Dean Leo
00:46 2022-06-24 UTC--4
4993
USDJPY Potential For Bullish Continuation | 24th June 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 135.536 in line with the pullback support and 23.6% fibonacci retracement to our 1st resistance at 138.846 where the 161.8% fibonacci extension and 78.6% fibonacci.
Author: Dean Leo
00:43 2022-06-24 UTC--4
4963
NZDUSD Potential For Bullish Continuation | 24th June 2022
On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the 1st resistance at 0.63107 in line with the 38.2% fibonacci retracement to the 1st support at 0.62022 in line with the horizontal swing low. Alternatively, price.
Author: Dean Leo
00:35 2022-06-24 UTC--4
4978
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