Support - S1 : 1.0956 | S2 : 1.0907 | S3 : 1.0848
Resistance - R1 : 1.1170 | R2 : 1.1121 | R3 : 1.1063
Main Trend - Bearish
Intraday Trend - Bullish
The strong downward pressure after the release of US interest rates led the price until the low level of 1.0898. By studying the H4 chart of forex technical analysis for exchange rate EURUSD may notice that the price is moving within one downward channel while situated on the median line of the Andrews Pitchfork. The EMA (50) and EMA (200) have downward crossed between them.
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 1.0986 – 1.1012 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1095, 1.1130, 1.1195, 1.1265.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0896, 1.0825, 1.0800, 1.0735, 1.0670.
The area 1.1005 – 1.1018 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1045, 1.1072, 1.1100, 1.1120, 1.1145, 1.1180.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0970, 1.0940, 1.0915, 1.0895.
On 1H chart of forex technical analysis there is Bullish Harmonic Pattern: White Swan, also there is a Bullish Harmonic Pattern on Daily chart: A Alt Shark.
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 : 1.1170 | R2 : 1.1121 | R3 : 1.1063
Main Trend - Bearish
Intraday Trend - Bullish
The strong downward pressure after the release of US interest rates led the price until the low level of 1.0898. By studying the H4 chart of forex technical analysis for exchange rate EURUSD may notice that the price is moving within one downward channel while situated on the median line of the Andrews Pitchfork. The EMA (50) and EMA (200) have downward crossed between them.
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 1.0986 – 1.1012 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1095, 1.1130, 1.1195, 1.1265.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0896, 1.0825, 1.0800, 1.0735, 1.0670.
1H Chart
The area 1.1005 – 1.1018 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 1.1045, 1.1072, 1.1100, 1.1120, 1.1145, 1.1180.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 1.0970, 1.0940, 1.0915, 1.0895.
On 1H chart of forex technical analysis there is Bullish Harmonic Pattern: White Swan, also there is a Bullish Harmonic Pattern on Daily chart: A Alt Shark.
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.
No comments:
Post a Comment