empty
04.02.2022 09:33 AM
AUDJPY Bearish Dip | 4th Feb 2022

This image is no longer relevant

On the H4, prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a dip from our 1st resistance at 82.412 in line with 50% Fibonacci retracement and bearish trendline towards our 1st support at 81.461 in line with 50% Fibonacci retracement. RSI is at a level where dips occurred previously, further supporting our bearish bias. Alternatively, our stop loss will be placed at 2nd resistance 82.839 in line with 61.8% Fibonacci retracement.

Trading Recommendation

Entry: 82.412

Reason for Entry:

50% Fibonacci retracement and bearish trendline

Take Profit: 81.461

Reason for Take Profit:

50% Fibonacci retracement

Stop Loss: 82.839

Reason for Stop Loss:

61.8% Fibonacci retracement

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 01/04/2025: EUR/USD, AUD/USD, NZD/USD, SP500 and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 11:43 2025-04-01 UTC+2

EUR/USD. April 1. Traders Are Confused and Unwilling to Take Risks

On Monday, the EUR/USD pair continued its upward movement and even rebounded from the support zone at 1.0781–1.0797. However, believing in a further rise of the euro is becoming increasingly

Samir Klishi 11:32 2025-04-01 UTC+2

GBP/USD. April 1. A Month of Sideways Movement and the Threat of New Tariffs

On the hourly chart, the GBP/USD pair continued to trade sideways on Monday. Currently, there is no dominance of either bulls or bears in the market. This has been

Samir Klishi 11:29 2025-04-01 UTC+2

EUR/USD Forecast for April 1, 2025

Panic in the stock market is beginning to subside. Yesterday, by the end of the session, the main indices posted gains. The euro declined by 11 points. Notably, by this

Laurie Bailey 10:47 2025-04-01 UTC+2

GBP/USD Forecast for April 1, 2025

GBP/USD Only one day remains before President Trump imposes expanded tariffs on all "unfair" U.S. trade partners. The British pound remains uncertain about the UK's position on Washington's partnership list

Laurie Bailey 10:42 2025-04-01 UTC+2

Forecast for GBP/USD on March 31, 2025

On the hourly chart, the GBP/USD pair traded sideways on Friday, but two rebounds from the 1.2931 level allow for some potential growth toward the 127.2% Fibonacci corrective level

Samir Klishi 12:28 2025-03-31 UTC+2

EUR/USD. March 31st. The Dollar Has No Chance

On Friday, the EUR/USD pair consolidated above the 1.0781–1.0797 zone, allowing the upward movement to continue toward the 200.0% Fibonacci level at 1.0857. A rebound from this level would favor

Samir Klishi 11:58 2025-03-31 UTC+2

Forex forecast 31/03/2025: EUR/USD, GBP/USD, Gold, Oil and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:50 2025-03-31 UTC+2

EUR/USD and GBP/USD March 31 – Technical Analysis

During the week, bearish players attempted to confirm the earlier-formed pullback and continue the decline but were unsuccessful, resulting in a long lower shadow on the weekly candlestick. The pair

Evangelos Poulakis 09:07 2025-03-31 UTC+2

EUR/USD Forecast for March 31, 2025

Market participants have again been gripped by fear due to Washington's intention to expand tariff duties by 20% on virtually all U.S. trading partners. On Friday, the S&P 500 stock

Laurie Bailey 05:20 2025-03-31 UTC+2
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.