InstaForex Chief Strategist

InstaForex Loprais Team - Official participant of the Dakar rally

Dean Leo

Dean Leo

InstaForex Chief Strategist

InstaForex Chief Strategist Dean Leo is living in Singapore. He is a graduate of the prestigious Nanyang Technological University with a degree in Banking and Finance. In 2015 and 2016, Dean won the Technical Analyst award with his previous company. He is currently working in the area of investment research, providing technical analysis to the largest banks and hedge funds all over the world. He coaches thousands of traders everyday on how to trade profitably with technical analysis and is well respected because of his no-nonsense bold calls seen in all of his analysis.
Dean's approach is to make technical analysis simple even while using the most complex methods of analysis. He utilizes Elliott Wave theory, graphical patterns, Fibonacci mathematics, and Mathematical indicators. Moreover, Dean uses fundamental analysis, as even the most accurate and competent technical forecast can be suddenly adjusted due to significant events in the world of economy or politics.

Daily Video Analysis: GBPJPY High Probability Setup

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

USDCAD holding above ascending trendline support, bounce expected!

USDCAD holding above ascending trendline support and 1st support at 1.31453. With stochastics testing support where price bounced in the past as well, a further push up towards 1st resistance at 1.31858 can be expected. Trading Recommendation Entry: 1.31453 Reason for Entry: Ascending trendline.

AUDJPY testing 1st resistance, potential for a further drop!

AUDJPY is testing our 1st resistance at 76.77 where the horizontal overlap resistance and 61.8% fib retracement are. Price could touch 1st resistance and drop from there. Ichimoku also indicates that further downside will come. Trading Recommendation Entry: 76.77 Reason for Entry: horizontal.

GBPUSD is approaching resistance, potential reversal!

Price is approaching our first resistance in line with our horizontal swing high resistance, descending trend line, 78.6% fibonacci retracement and 78.6% fibonacci extension where we could see a reversal below this level. RSI is showing a bearish breakout as well. Trading Recommendation Entry:.

CADJPY facing pressure from 1st resistance, further drop expected !

CADJPY reacting below descending trendline resistance and moving average. A further drop below 1st resistance at 79.554 towards 1st support at 79.221 can be expected.. Trading Recommendation Entry: 79.554 Reason for Entry: Graphical overlap Take Profit : 79.221 Reason for Take Profit: -61.8% fib.

AUDJPY testing downside confirmation, potential for a further drop!

AUDJPY is testing our downside confirmation at 76.47 where the horizontal pullback support and 23.6% fib retracement are. Price could touch downside confirmation and drop from there. EMA also indicates that further downside will come. Trading Recommendation Entry: 76.47 Reason for.

USDJPY is facing bearish pressure, potential for further drop!

Price is facing bearish pressure from our resistance, in line with our descending trend line, horizontal overlap resistance, 23.6% fibonacci retracement and 61.8% fibonacci extension where we could see a reversal below this level. The Ichimoku cloud and 20 period EMA are showing signs of bearish.

Daily Video Analysis: EURJPY High Probability Setup

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

GBPUSD facing pressure from 1st resistance, further drop expected !

Price reacting at key graphical swing high and 61.8% Fibonacci extension level at 1st resistance (1.29155). A pullback towards ascending trendline support and 1st support at 1.28766 can be expected. Stochastics is testing resistance as well. Trading Recommendation Entry: 1.29155 Reason for.

USDCAD testing 1st support, potential for a further rise!

USDCAD is testing our 1st support at 1.3165 where the horizontal pullback support and 61.8% fib retracement are. Price could touch 1st support and bounce from there. EMA also indicates that further upside will come. Trading Recommendation Entry: 1.3165 Reason for Entry: horizontal pullback support.

GBPJPY is facing bearish pressure, potential for further drop!

Price is facing bearish pressure from our resistance, in line with our horizontal pullback resistance, 23.6% fibonacci retracement and 100% fibonacci extension where we could see a reversal below this level. The Ichimoku cloud and 20 period EMA are showing signs of bearish pressure as well..

AUDJPY facing pressure from 1st resistance, further drop expected !

Price is facing bearish pressure from the first resistance level, in line with 76.4% fib retracement and descending trendline resistance where we could see a drop to our support level where the 61.8% fib retracement and horizontal swing low support are. MACD is also showing that more bearishness.

USDCAD testing downside confirmation, potential for a further drop!

USDCAD is testing the downside confirmation at 1.3163 where the horizontal swing low is. If price closes below this level, it could indicate further downside to come. MACD is also indicating more bearishness to come. Trading Recommendation Entry: 1.3161 Reason for Entry: horizontal swing low Take.

USDJPY is approaching resistance, potential reversal!

Price is approaching our first resistance, in line with our horizontal pullback resistance, 38.2% fibonacci retracement and 100% fibonacci extension where we could see a reversal below this level. The Ichimoku cloud and 20 period EMA are showing signs of bearish pressure as well. Trading.

USDCAD bounced from ascending trendline support, potential for a further bounce!

Price holding above ascending trendline support and moving average. A bounce above intermediate support at 1.31512 towards 1st resistance at 1.32393 can be expected. Bullish scenario will remain intact as long as price is above 1st support at 1.31309 Trading Recommendation Entry: 1.31512 Reason for.

AUDJPY facing pressure from 1st resistance, further drop expected!

Price is facing bearish pressure from the first resistance level, in line with 61.8% fib retracement and descending trendline resistance where we could see a drop to our support level where the 50% fib retracement and horizontal swing low support are. Stochastics is also showing that more.

USDJPY is facing bearish pressure, potential for further drop!

Price is testing our downside confirmation level where a break below this level, in line with our 50% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap support could provide the bearish acceleration to our first support target. Trading Recommendation Entry: 106.037 Reason for.

Daily Video Analysis: USDCAD High Probability Setup

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

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