empty
28.10.2021: Forex Analysis & Reviews: NZDUSD facing bullish pressure, potential for more upside!
Forex forecast 24/03/2025: EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin
2025-03-24 UTC+3
Forex forecast 21/03/2025: EUR/USD, GBP/USD, USD/JPY, Oil and Bitcoin
2025-03-21 UTC+3

analytics617a1580c1a34.jpg

Price is above 1st support at 0.713 in line with 23.6% Fibonacci retracement and 61.8% Fibonacci extension. It could potentially bullish from 1st support at 0.713 in line with 23.6% Fibonacci retracement and 61.8% Fibonacci extension to 1st resistance at 0.72454 in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension. Our bullish bias is further supported by how Price is holding above the MA, the Ichimoku cloud and Stochastic is abiding to an ascending trendline support. Otherwise price may continue to bearish to 2nd support at 0.70932 in line with 38.2% Fibonacci retracement and 100% Fibonacci extension.

Trading Recommendation

Entry: 0.713

Reason for Entry:

23.6% Fibonacci retracement and 61.8% Fibonacci extension


Take Profit: 0.72454

Reason for Take Profit:

127.2% Fibonacci retracement and 61.8% Fibonacci extension


Stop Loss: 0.70932

Reason for Stop Loss:

38.2% Fibonacci retracement and 100% Fibonacci extension.

*Disclaimer: 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
© 2007-2025
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.