Support - S1 : 1.5465 | S2 : 1.5430 | S3 :
1.5380
Resistance - R1 : 1.5555 | R2 : 1.5605 | R3 : 1.5642
Main Trend - Bullish
Intraday Trend - Bearish
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
The area 1.5514 – 1.5533 is a neutral zone.
Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 1.5600, 1.5650, 1.5720, 1.5750, 1.5790.
Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 1.5450, 1.5430, 1.5400, 1.5375, 1.5330, 1.5280.
The area 1.5510 – 1.5518 is a neutral zone.
Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 1.5545, 1.5565, 1.5585, 1.5595, 1.5620.
Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 1.5475, 1.5450, 1.5430, 1.5405, 1.5355, 1.5315.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use stop loss levels.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
Resistance - R1 : 1.5555 | R2 : 1.5605 | R3 : 1.5642
Main Trend - Bullish
Intraday Trend - Bearish
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
4H Chart
The area 1.5514 – 1.5533 is a neutral zone.
Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 1.5600, 1.5650, 1.5720, 1.5750, 1.5790.
Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 1.5450, 1.5430, 1.5400, 1.5375, 1.5330, 1.5280.
1H Chart
The area 1.5510 – 1.5518 is a neutral zone.
Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 1.5545, 1.5565, 1.5585, 1.5595, 1.5620.
Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 1.5475, 1.5450, 1.5430, 1.5405, 1.5355, 1.5315.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use stop loss levels.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
1 comment:
The Australian dollar slipped lower against its U.S. counterpart on Monday, as the greenback continued to recover from the Federal Reserve’s decision not to raise interest rates this month.
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