Support - S1 : 1.0962 | S2 : 1.0907 | S3 : 1.0819
Resistance - R1 : 1.1105 | R2 : 1.1194 | R3 : 1.1249
Main Trend - Bearish
Intraday Trend - Bearish
On forex technical analysis of 4H chart for exchange rate EURUSD, we can observe that price finds support on the bottom of the channel and at the same time moves at the lower channel of Andrew's Pitchfork. EMA(50) and EMA(200) is at the same point and ready to proceed to a downward cross (death cross).
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 1.1120 – 1.1152 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1184, 1.1225, 1.1315, 1.1355.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0965, 1.0910, 1.0770.
The area 1.1020 – 1.1035 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1070, 1.1130, 1.1190, 1.1240.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0950, 1.0860, 1.0815, 1.0750.
In Daily chart on forex technical analysis for EURUSD, there is Harmonic Pattern: Bullish Gartley.
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 agree with our estimates? If you have another point of view, you can write your opinion in comments.
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 : 1.1105 | R2 : 1.1194 | R3 : 1.1249
Main Trend - Bearish
Intraday Trend - Bearish
On forex technical analysis of 4H chart for exchange rate EURUSD, we can observe that price finds support on the bottom of the channel and at the same time moves at the lower channel of Andrew's Pitchfork. EMA(50) and EMA(200) is at the same point and ready to proceed to a downward cross (death cross).
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 1.1120 – 1.1152 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1184, 1.1225, 1.1315, 1.1355.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0965, 1.0910, 1.0770.
1H Chart
The area 1.1020 – 1.1035 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1070, 1.1130, 1.1190, 1.1240.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0950, 1.0860, 1.0815, 1.0750.
In Daily chart on forex technical analysis for EURUSD, there is Harmonic Pattern: Bullish Gartley.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 agree with our estimates? If you have another point of view, you can write your opinion in comments.
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.
5 comments:
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